Economic Reflections: Cretinism, the Threat of Tobinism and Old Joe Who

Economic Reflections:
Cretinism, the Threat of Tobinism and Old Joe Who

Nipawin - February 24, 2001 - by: Mario deSantis

economic
theories
Our economic, political and business leadership have been playing the gimmick that social

and economic growth can occur solely by invoking conventional macroeconomic theories.

That is, for instance, by playing with taxes, by playing with the balancing of governmental

budgets, by playing with the reduction of governmental debt, by fighting inflation, by

playing with interest rates. The isolated implementation of these economic theories,

irrespective of our social growth, have caused very little economic growth in the last two

decades, and at the same time the country's political and social texture has eroded with the

consequences that we have a divided Canada, geographically, politically, socially, and

economically.

leadership
has
weakened
At the same time, as we have experienced a negative economic growth in the last decade⁽¹⁾,

so our governmental leadership has weakened with the consequences that we have a

Prime Minister who practices business development plans with his criminal friends⁽²⁾, and

a government marred by an administrative nightmare where paternalism and fraternity's

loyalties take over entrepreneurial independence and public service⁽³⁾.

oligarchic
The gimmick of our leadership to maintain an oligarchic, paternalistic and fraternal social

and economic growth has to end. The gimmick to have capitalism versus socialism has to

end, and the gimmick to have the World Trade Organization as the only leverage for

economic growth has to end as well.

to serve
the people
Our governments must go back to what they were designed for, that is to serve the people

and not to serve themselves and the big multinational conglomerates. The gimmick to have

smaller governments while encouraging international mega mergers of multinational

conglomerates must end as well. We can grow economically and socially irrespective of

the different degree of taxation or size of government of any country, the common

denominator being our willingness to be entrepreneurial, individually and collectively⁽⁴⁾.

phony
GD
indicators
Our political and business leaders have been trumpeting an economic growth across

Canada in the last decade, and they have been using phony GDP indicators to support

this growth, while in fact we have shown in our writing that this economic growth has

not occurred and that social inequality has increased with the consequential establishment

of a social system for the benefit of the 'Few and Privileged⁽⁵⁾.'

economic
language
Our conventional GDP indicators are grossly inadequate to evaluate our well being and

we need a new economic language to support our social and economic growth. This new

language should be used by our political, business and academic leadership.

Lars
Osberg
It is commendable to mention the work of Canadian economist Lars Osberg⁽⁶⁾ who has

been developing an index for measuring the well being of our social and economic

system⁽⁷⁾. In particular, Osberg's index includes the measuring of

i) per capita consumption flow of goods and services,

ii) the economic resources to sustain our social growth, and

iii) our level of poverty and social insecurity.

It is worthwhile letting our past Saskatchewan Premier Roy Romanow and Prime Minister

Jean Chrétien know that our Canadian well being has deteriorated significantly in the 1990s;

in fact, our well being has deteriorated by a whopping 10% in this period. This deterioration

of our social system has occurred under Jean Chrétien, and now this Prime Minister wants

to be in power for another third mandate of Cretinism, and if he can't survive this mandate,

then he will push for a new Canadian political era of Tobinism⁽⁸⁾.

Joe
Old Joe Who, come to our rescue please?

------------References/endnotes:

List of relevant political and economics articles http://ensign.ftlcomm.com

1.
-
-
Sharing the Wealth from Growth: Comparing the Canadian and U.S. Experiences, Jack Mintz C.D. Howe Institute / University of Toronto & Shay Aba C.D. Howe Institute, Conférence IRPP-CSLS Conference, January 26-27 th , 2001 Chateau Laurier Hotel, Ottawa, Ontario

2.
-
Prime Minister Jean Chretien's involvement with the BDC's $615,000 loan: Lack of Common Sense Democracy, by Mario deSantis, December 1, 2000

3.
Office of the Auditor General of Canada, Reports and Publications

4.
-
IRPP-CSLS Conference on Economic Growth and Inequality, Château Laurier Hotel, Ottawa, Ontario, January 26-27, 2001

5.
A World for the Few and Privileged in Saskatchewan, by Mario deSantis, February 18, 2000

6.
-
Lars Osberg, Ph.D, McCulloch Professor of Economics, Dalhousie University http://www.dal.ca/~osberg/home.html

7.
An Index of Economic Well-being for Canada - with Andrew Sharpe, Lars Osberg, October 1998

8.
Tobinism and Additional Rules of Law, by Mario deSantis, February 10, 2001

Economic Reflections: Cretinism, the Threat of Tobinism and Old Joe Who

Nipawin - February 24, 2001 - by: Mario deSantis

economic theories	Our economic, political and business leadership have been playing the gimmick that social
	and economic growth can occur solely by invoking conventional macroeconomic theories.
	That is, for instance, by playing with taxes, by playing with the balancing of governmental
	budgets, by playing with the reduction of governmental debt, by fighting inflation, by
	playing with interest rates. The isolated implementation of these economic theories,
	irrespective of our social growth, have caused very little economic growth in the last two
	decades, and at the same time the country's political and social texture has eroded with the
	consequences that we have a divided Canada, geographically, politically, socially, and
	economically.

leadership has weakened	At the same time, as we have experienced a negative economic growth in the last decade⁽¹⁾,
	so our governmental leadership has weakened with the consequences that we have a
	Prime Minister who practices business development plans with his criminal friends⁽²⁾, and
	a government marred by an administrative nightmare where paternalism and fraternity's
	loyalties take over entrepreneurial independence and public service⁽³⁾.

oligarchic	The gimmick of our leadership to maintain an oligarchic, paternalistic and fraternal social
	and economic growth has to end. The gimmick to have capitalism versus socialism has to
	end, and the gimmick to have the World Trade Organization as the only leverage for
	economic growth has to end as well.

to serve the people	Our governments must go back to what they were designed for, that is to serve the people
	and not to serve themselves and the big multinational conglomerates. The gimmick to have
	smaller governments while encouraging international mega mergers of multinational
	conglomerates must end as well. We can grow economically and socially irrespective of
	the different degree of taxation or size of government of any country, the common
	denominator being our willingness to be entrepreneurial, individually and collectively⁽⁴⁾.

phony GD indicators	Our political and business leaders have been trumpeting an economic growth across
	Canada in the last decade, and they have been using phony GDP indicators to support
	this growth, while in fact we have shown in our writing that this economic growth has
	not occurred and that social inequality has increased with the consequential establishment
	of a social system for the benefit of the 'Few and Privileged⁽⁵⁾.'

economic language	Our conventional GDP indicators are grossly inadequate to evaluate our well being and
	we need a new economic language to support our social and economic growth. This new
	language should be used by our political, business and academic leadership.

Lars Osberg	It is commendable to mention the work of Canadian economist Lars Osberg⁽⁶⁾ who has
	been developing an index for measuring the well being of our social and economic
	system⁽⁷⁾. In particular, Osberg's index includes the measuring of
	i) per capita consumption flow of goods and services,
	ii) the economic resources to sustain our social growth, and
	iii) our level of poverty and social insecurity.
	It is worthwhile letting our past Saskatchewan Premier Roy Romanow and Prime Minister
	Jean Chrétien know that our Canadian well being has deteriorated significantly in the 1990s;
	in fact, our well being has deteriorated by a whopping 10% in this period. This deterioration
	of our social system has occurred under Jean Chrétien, and now this Prime Minister wants
	to be in power for another third mandate of Cretinism, and if he can't survive this mandate,
	then he will push for a new Canadian political era of Tobinism⁽⁸⁾.

Joe	Old Joe Who, come to our rescue please?

------------References/endnotes:

	List of relevant political and economics articles http://ensign.ftlcomm.com

1. - -	Sharing the Wealth from Growth: Comparing the Canadian and U.S. Experiences, Jack Mintz C.D. Howe Institute / University of Toronto & Shay Aba C.D. Howe Institute, Conférence IRPP-CSLS Conference, January 26-27 th , 2001 Chateau Laurier Hotel, Ottawa, Ontario

2. -	Prime Minister Jean Chretien's involvement with the BDC's $615,000 loan: Lack of Common Sense Democracy, by Mario deSantis, December 1, 2000

3.	Office of the Auditor General of Canada, Reports and Publications

4. -	IRPP-CSLS Conference on Economic Growth and Inequality, Château Laurier Hotel, Ottawa, Ontario, January 26-27, 2001

5.	A World for the Few and Privileged in Saskatchewan, by Mario deSantis, February 18, 2000

6. -	Lars Osberg, Ph.D, McCulloch Professor of Economics, Dalhousie University http://www.dal.ca/~osberg/home.html

7.	An Index of Economic Well-being for Canada - with Andrew Sharpe, Lars Osberg, October 1998

8.	Tobinism and Additional Rules of Law, by Mario deSantis, February 10, 2001