Option One - Status Quo
This "do nothing" course offers the same-old, same-old, waiting for and relying on the U.S. economy to recover. Hoping against all odds that such a recovery would result in some degree of short-term economic opportunities for Canada to ride on.
Option Two - Belt-Tightening
A belt tightening ‘strategy’, that translates into slashing wages, reducing the size of the workforce, and cutting back or even eliminating some of the essential social services. This strategy is erroneously percieved by some policy-makers as the only path to getting rid of the red ink and becoming globally competitive. These methods of course will inevitably lead to further economic contraction, more poverty, higher unemployment rate, lesser tax revenue. This comes at a juncture when economic expansion is an absolute necessity for survival. Let alone the fact that, it's not possible to compete in a race where the competition has vis-a-vis this country:
- A substantial scientific and technological superiority; and
- A 10:1 guaranteed advantage, due to its unfair wage structure.
Option Three - Our Proposal
Our proposal provides a set of realistic actions, -- as described earlier in our previous post, "Part 6 - A Comprehensive Proposal for Economic Revival" -- aimed at advising governments to:
- Seek out the advice of non-ideological, independent, interdisciplinary thinkers and well-qualified problem-solvers to help revive the economy.
- Implement an Affordable Housing Construction Program, utilizing the Power of Volunteerism for the benefits of:
- First home buyers, and retirees ready to trade down for a smaller condominium; and
- The currently untrained, school-dropouts.
- Explore the possibility of partnering with technologically well-advanced foreign companies, of fair wage-structure, interested in setting up shop here to serve this continent's Green Energy Market.
- Provide grants, and forgivable loans for promising independent, private innovators and inventors to enable them to convert their concepts into saleable products, services and employment opportunities.
- Offer tax credits, the so-called "patriotic card", and temporary “payroll tax" exemption, using the near $20 billion El in the process, to alleviate the unemployment crisis.
- Propagate the partnership and cooperative system as a ways and means of creating alternative business models and employment opportunities. Apply a proven program for eliminating unemployment altogether, without any loss of income;
- Recommend to strategically raise wages of low income earners, to boost the economy.
- Legalize the right to form employees’ associations, for all members of the workforce. It‘s demonstrable that such a province-wide system of employee representation would create a much needed stable business and work environment between employers and employees.
Option Four - Emergency Program
This option amounts to a simple realization of the fact, that neither the private sector, nor the government on its own power seems to be able to deal with the current economic recession. Therefore, in order to put an end to further personal and social distress, material and financial destruction, leaders of the socio-econo-political establishment should merge their power and work out an emergency program to re-energize the economy of this country, for the benefit of all its citizenry, applying the proposals outlined in Option Three above.
Summary
In a nutshell, the establishment has four clear alternatives. It appears that in order to successfully deal with this country's problems of major public concerns, the combination of the third and fourth options provide the most viable choice.
So, let's not waste any more time and aim for the best available option. The action that has the innate capacity to provide a reasonable standard of living for this country's entire citizenry, utilizing local natural and human resources, combined with the latest in-house or external technology available, and the most effective management methods required to attain these goals.
It’s not an utopian dream, the citizenry of other countries have have been able to attain it under much less favourable conditions, by applying the proper socio-econo-political policies the people of Canada can realize these same results!
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