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[–] 31 points 2 years ago* (1 child)

Public spending playing a large role in the economy is not a bad thing. That is unless you haven't got off the neoliberal mental train. The real results are what's important. When the private sector clutches its pearls instead of investing, the government has to fill the gap. If they don't we end up in a bad crisis. It's good to see that the two of the three major parties know this.

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  • [–] 12 points 2 years ago (1 child)

    Yeah if we spend half as much but get only 1/4 as much done that's not a success.

    Spending 50% more to initiatives that inflate the value of real estate as our GDP is not good either.

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  • [–] 4 points 2 years ago

    Then fucking force companies to reinvest then. Tax the shit out of profits unless it is reinvested back into the economy through their employees and any other mean.

    Corpos are quick to suckle at the government tit for subventions that they don't need, but when comes the time to give back to their community, crickets.

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  • [–] 20 points 2 years ago (1 child)

    The fact that real per capita gdp growth is no longer declining is a huge win in my opinion.

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  • [–] 13 points 2 years ago

    Agreed. That said, I think we're in for a rough ride for a long time till we dig ouesel out of the housing crisis. It currently sinks a lot of the economic output. That is people paying for housing instead of other, productive things.

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  • [–] 2 points 2 years ago (1 child)

    GDP up, mostly government spending, per capital gdp and productivity is down. Would this affect a BoC rate decrease?

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  • [–] [S] -1 points 2 years ago*

    Other news articles are saying that everyone is predicting more rate cuts.

    Personally, I think inflation is still higher than the government officially reports, the BoC shouldn't be cutting yet.

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  • [–] 1 point 2 years ago (1 child)

    It is difficult to hear how much is spent and how much regular people still struggle. I have little hope.

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