The Liberal government is full of people who think their job is not to actually do anything for Canadians, but to finance others who they hope will want to do things because the government has sprinkled profit subsidies around. This is a gimmick that has failed working people for 50 years. But, it does work great for capital.
In the same way that you get to modern evolutionary theory by drawing a line through Darwin to Dobzhansky' modern synthesis to current evolutionary ecology and genetics, you can draw a line through from Smith, Ricardo, Marx, Keynes, Straffa, to Shaikh for the correct understanding of capitalism.
The Liberals say the Bill C-39 is a golden opportunity to both increase investments and solidify workers' rights. How? They claim to have found a magical process that reduces strike risk while protecting the collective interests' of workers. Sound ridiculous? That's because it is.
The article below is a snippet of a book chapter. The chapter is on Organic Composition of Capital (OCC) and Technical Composition of Capital (TCC) and the section is talking about OCC and TCC using AI data centre build-out as an example of applied Real Economics/Classical analysis.
The federal government is waving around a report on Pro-Worker AI outlined by the Brookings Institute in the USA. The report needs to be critiqued because there is a lot of confusion on the Left what our position is and how to separate it from the orthodoxy. Five problems are outlined, then some alternative ways to understand these concepts are presented.
While there is an increase in profits from the energy infrastructure in Canada, it is from running the system harder, increased efficiency of output, a little from financial hedging wins, and some from hedging with the physical assets of the fully integrated companies. The profits are high without the effect of price and the price increase has had little impact on that profit growth. This is because the strategy of companies in Canada is cost/asset/capital discipline. Instead of investing in new infrastructure or even maintenance, it is about squeezing the assets and the workers they have for every penny of profits to return to shareholders.
Class war in Canada takes on slightly different forms from government to government. The current attack on workers includes undermining the right to strike.
Carney's new fund is setup to transfer wealth from working people to Capital, subsidizing profits for financial institutions, and will not create sustained private investment productive output and jobs. An alternative is needed.
Canada's federal government is always playing with new ways to privatize public infrastructure. They are always on the hunt for more esoteric financing models. All based on an ideological assumption that privatization being good for the economy.
The story involves privatization to pension funds in an attempt to offset risk of desired investment in other Major Projects the government thinks will drive growth.
