Canada and the United States: the 30% productivity gap and the dollar devaluation

Canada and the United States:
the 30% productivity gap and the dollar devaluation

Nipawin - Thursday, June 28, 2001 - by: Mario deSantis

productivity
gap
There is so much B.S. going around in our Canadian think tank business outfits. After some thirty years, Canadian business gurus are realizing that we have a productivity gap of about 30% with the United States, while at the same time they are telling us that our economy is performing much better than the US. This reminds me of the fifties and sixties when the defeated countries Germany, Italy and Japan were going to experience the miracles of economic recovery. And yes, Canada is on the way to economic recovery after reaching the very bottom?

Canadian
dollar
I really don't know as I make reference to the demented mentality of our leadership who is continuing a social direction of political and economic separation. We have a 30% gap in productivity, and we have more than a 30% discounted Canadian dollar versus the United States. I ask our business gurus: Is there any relationship about this increasing productivity gap and the devaluation of the dollar?

Thomas
D'Aquino

You know what our business gurus say, there is none; instead, we are on our way up to beat the United States standard of living in the next fifteen years and Thomas D'Aquino, CEO of BCNI, has recently put this positioning in a proper perspective reiterating the early mission statement of the Business Council on National Issues (BCNI)

"We are creating a new force, one that will channel the ideas and the talents of Canada's senior business leaders. Our objective is to help strengthen the country's economy, its social fabric, and its democratic institutions⁽¹⁾."

$1-million
has no
country
Our business gurus are extraordinary visionaries in putting things on paper, but do they walk their talks? Nope, they don't! I remember when Prime Minister Jean Chretien said in one earlier speech this year, that $1-million has no country and no nationality⁽²⁾, and that our economic growth is dependent on our ability to attract investments in a world of increasing global competition.

dual social
economic
system
How does Canada attract investments? By fighting the deficit, by fighting inflation and by having high interest rates. So, we are today economically competing in an ever global market in the name of attracting foreign investments, and what has happened to Canada's economy? I tell you what has happened to Canada, we have a dual social economic system, one for the big corporations and their governmental friends, and one for the rest of us; and this is no democracy, this is the money trail.

patriot
And yes, patriot Jean Chretien put this state of affairs very well in saying that $1-million has no country and no nationality; $1-million just end up in the pockets of our governmental and corporate leaders!

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

General reference: political and economic articles at Ensign http://ensign.ftlcomm.com

1.
-
-
A conversation with Thomas d'Aquino President and Chief Executive on the occasion of the 25^th anniversary of the Business Council on National Issues, May 9, 2001 http://www.bcni.com/speeches/may9-01.pdf

2.
Human Rights are Before the Rule of Law, by Mario deSantis, February 15, 2001


Canada and the United States: the 30% productivity gap and the dollar devaluation

Nipawin - Thursday, June 28, 2001 - by: Mario deSantis

productivity gap	There is so much B.S. going around in our Canadian think tank business outfits. After some thirty years, Canadian business gurus are realizing that we have a productivity gap of about 30% with the United States, while at the same time they are telling us that our economy is performing much better than the US. This reminds me of the fifties and sixties when the defeated countries Germany, Italy and Japan were going to experience the miracles of economic recovery. And yes, Canada is on the way to economic recovery after reaching the very bottom?

Canadian dollar	I really don't know as I make reference to the demented mentality of our leadership who is continuing a social direction of political and economic separation. We have a 30% gap in productivity, and we have more than a 30% discounted Canadian dollar versus the United States. I ask our business gurus: Is there any relationship about this increasing productivity gap and the devaluation of the dollar?

Thomas D'Aquino	You know what our business gurus say, there is none; instead, we are on our way up to beat the United States standard of living in the next fifteen years and Thomas D'Aquino, CEO of BCNI, has recently put this positioning in a proper perspective reiterating the early mission statement of the Business Council on National Issues (BCNI) "We are creating a new force, one that will channel the ideas and the talents of Canada's senior business leaders. Our objective is to help strengthen the country's economy, its social fabric, and its democratic institutions⁽¹⁾."

$1-million has no country	Our business gurus are extraordinary visionaries in putting things on paper, but do they walk their talks? Nope, they don't! I remember when Prime Minister Jean Chretien said in one earlier speech this year, that $1-million has no country and no nationality⁽²⁾, and that our economic growth is dependent on our ability to attract investments in a world of increasing global competition.

dual social economic system	How does Canada attract investments? By fighting the deficit, by fighting inflation and by having high interest rates. So, we are today economically competing in an ever global market in the name of attracting foreign investments, and what has happened to Canada's economy? I tell you what has happened to Canada, we have a dual social economic system, one for the big corporations and their governmental friends, and one for the rest of us; and this is no democracy, this is the money trail.

patriot	And yes, patriot Jean Chretien put this state of affairs very well in saying that $1-million has no country and no nationality; $1-million just end up in the pockets of our governmental and corporate leaders!

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

	General reference: political and economic articles at Ensign http://ensign.ftlcomm.com

1. - -	A conversation with Thomas d'Aquino President and Chief Executive on the occasion of the 25^th anniversary of the Business Council on National Issues, May 9, 2001 http://www.bcni.com/speeches/may9-01.pdf

2.	Human Rights are Before the Rule of Law, by Mario deSantis, February 15, 2001