Neoliberal Policy In Ending The Global Financial Crisis

Since the country’s conception in 1867, Canada has lived in the shadow of it’s southerly neighbour, the United States of America. Through the years, what started out as a country with very distinct culture has morphed and become Americanized. Historically speaking, American influence has had a great economical impact on Canada. Speaking about the Americanization of Canada, Pierre Trudeau, former Prime Minister of Canada, has said, “Americans should never underestimate the constant pressure on Canada which the mere presence of the United states has produced…” This pressure has changed the way Canadians live and conduct business. This pressure has Americanized the Canadian economy. American culture has a very far reaching effect on Canada with many trickle down effects. Americanization of the Canadian economy has lead to the American control of the Canada’s corporate structure, Canadian dependence on American capital, turned the Canadian economy into a mirror image of the American economy, and has led to loss of

When it comes to the Liberals and Progressive-Conservatives having nearly identical policies by the mid-1980s I cannot help but wonder whether the Liberals enacted these policies based on their own changing ideology or whether it was to try undercut the Progressive-Conservatives' growing popularity. Regardless, it seems apparent that by the early-1980s that the Liberal's government-driven, top-down, style Canadian

Fear, afraid and something new are words that many people think of when they hear the word change. Many people are afraid of change and fear the unknown and when given the opportunity for change they dismiss it, but change is one of the most important factors, especially in the development of a country. Attempts at change whether they fail or not, is important because they provide as learning experiences for the country and can help them develop further. The 1980s was a decade full of opportunities for change in Canada and taught many the importance of taking chances, using the opportunity when given and learning from failure. The 1980s is the most important and influential decade in Canadian history. The 1980s contributed to change that can

It has now been over two, and a half years since us citizens have decided to nominate Justin Pierre James Trudeau as the 23rd Prime Minister of Canada. Justin Trudeau may be an appealing Prime Minister to many, but many Canadians are failing to understand that he is forbidding Canada to propel forward and to meet its true potential in many facets. Not many actions Justin Trudeau raised have affected Canada vastly in the past two years, at least not for the good. Trudeau has also been operating in contrast to his pledges such as the tax promises. ( Financial Post, 27 Sept. 2017.) Ever since November 2015 (when Trudeau was elected), citizens (especially middle class) had high hopes, and were lead to dismay, and over the course of time, began

The 1990’s in Canada proved to be a relatively quiet and peaceful time in Canadian History. With this era, came the new, or sometimes already known, historical figures to shape the economy, government and the well being of the people during the time. From 1993-2003 came the rule of Prime Minister Jean Chretien, a leader from who was born in the small town of Shawinigan, Quebec. He proved to be a strong leader with his determination and strive to be “‘“a fighter. He must win.’” as his friend Jean Pelletier described him (Bothwell, Marshall & Koch, 2015). Under him, came Paul Martin who after rivaling against him in the fight for liberal leadership, was appointed Finance minister. He too seemed to have quite the influence of the people and proved

As Canada 's power regime changes to a new face and new political party, the nation state receives a new vision. A new movement is introduced for establishing Canada 's name socially, economically, and politically in its global relations. Canada has experienced this in the face of newly elected Prime Minister Sr. Justin Trudeau. Particularly inquiring of the dialogues exchanged within the conversation between Sr. Justin Treadeau and a press reporter in regards to a tax policy change that appeared to have a concealed contentious issue. The PM’s progressive plans aim to be for the wellbeing of Canadian society and building the pavement for a prosperous economy. Although Trudeau’s interior motives may be for the common good, for example to combat inequalities and class hierarchies between the Canadian citizens, his plan however may only be justice for some citizens and unfairness for the others. Analyzing this argument in accordance to the Rawls principles of justice as fairness, and Locke 's interpretation of individual rights and liberty to identify the rudimentary flaw in this exchange and the defense will be the aim of this paper.

The thesis put forth by Darrel Bricker and John Ibbitson in “The Big Shift: The Seismic Change in Canadian Politics, Business, and Culture and What It Means for Our Future”, is premised on the notion that the Laurentian Consensus has ended due to its reluctance to accept the changes that Canada has gone, and will go through. They argue that their resistance to change created an opportunity for the Conservative party to become the new “natural governing” party in Canada (Bricker & Ibbitson, 2013). By recognizing and acting on these changes, the Conservative party built a platform for success which lead to the outcome of the 2011 federal election. They argue that the seismic shift in the demographics of Canadian voters from one side of the political spectrum to the other granted Conservatives this victory. This paper will explore the flaws within their argument, and the extent to which this shift is perpetual in nature.

The lack of flexibility within government, however, as Armstrong articulates that “opposition now comes not only from the big provinces but also from forces such as doctors’ organizations […] those seeking for profit” (Armstrong, p153). Governments’ are influenced from behind the scenes in the form of private investment and wealthy investors such as lobbyists. I do believe that if the government becomes more flexible, it would under these conditions - eliminate public funding across the board and implement a free market due to the persuasion of partisan funding. With the electoral system Canadians have in place, bipartisan voting and four or five-year electoral schedule, it differs political parties from imposing such changes, as they are confined to public opinions (Malcolmson, p227). In comparison, Armstrong defines our ‘rigidity’ as praise for resistance of private corporations and lobbyists, avoiding “pressuring individual legislators” (Armstrong, p21). The for-profit industry is heavily funded, therefore, can offer significantly more public persuasion. Furthermore, as discussed by our guest lecturer, we are geographically linked to the largest for-profit regime on the globe – our television is directly influenced by American advertisements, enticing our population to believing that we are restrained in choice of care by our government.

In the 1980’s until the present, a second Quebec Model develops. Quebec Model 2 focuses on the state’s partnership with other social actors in social policy. Globalization and neoliberalism created a situation that could have ended all the progress made by social policy thus far, but instead resulted in a new type of social policy production, one that involved more collaborative between the state, labour, business, family and the third

Neo-liberalism has had the greatest impact on public policy in New Zealand over the past 20 years. An example of this ideology in policy making in New Zealand history would be The National party in the 1990’s. National significantly reduced the state’s role in the labour market, and introduced markets in public housing and education. A more recent example is the current National government and their benefits policy. In 2008 National focussed on getting beneficiaries into employment. National’s leader John Key announced that they were committing to a benefit policy that would act as a safety net, but encourage beneficiaries to go out and source other forms of income (Key, 2008). This is a neo-liberal idea in the sense of having minimal state intervention. The plan to put in place a tax system that encourages people to work hard and not rely on the welfare state, and the continuing of shrinking the size of government sees that the future intentions of the current National party is going to carry on down a neo-liberal road (Key, 2008).

As a result of failure on all levels of government to provide relief to the desperate masses, Canadians grew to see many established political institutions as out-of-touch and ineffective. By the thousands, they expressed their frustrations and sought out new, often radical, solutions to the many problems of the era. The leaders of Canada’s two traditional federal parties, the Liberals and Conservatives, were unable to forestall the economic catastrophe, and, perhaps more significantly, failed to convince many Canadians that traditional policies would ultimately provide solutions. As a result, the government faced a growing sense of antipathy as their actions repeatedly demonstrated an inability to meet the real needs of those most affected. This mounting tension gave rise to new political parties across the country that presented voters with new ideas and attractive new solutions that so many had lost faith in the government to provide. Finally, the degree to which Canadians felt the need to escape the harsh reality was evidenced by the increase in popularity of escapist entertainment in the 1930s. Despite the wide variety of ideas presented and promoted by various groups in the effort to end the Great Depression, the Canadian economy did not fully recover from the trauma until the beginning of the Second World War in 1939. In the end, it

‘Neo liberalism is responsible for most of the global economic problems we are experiencing today’

As shown in the documentary “Life and Debt,” Jamaica moved to I.M.F policies, which prioritized economic globalization. The documentary outlines the drawbacks that Jamaica faced after adopting these policies, such as a lack of ability to compete in world markets (Black). This problem would not apply to Canada, as unlike Jamaica, Canada is already able to compete in the global market; adopting more neoliberal policies would not detriment the Canadian economy to the same degree that it became detrimental to Jamaica. Additionally, Canada is in Rostow’s fifth stage, which is high mass consumption (). This means that Canada primarily focuses on tertiary industries; this puts Canada in a far better position compared to other countries that had to adopt neoliberal policies, since the economy is less dependent on tariffs than a country that is reliant on the primary or secondary industry. Overall, Canada would benefit from adopting neoliberal policies as it would not cause a great deal of economic

The Global Financial Crisis, also known as The Great Recession, broke out in the United States of America in the middle of 2007 and continued on until 2008. There were many factors that contributed to the cause of The Global Financial Crisis and many effects that emerged, because the impact it had on the financial system. The Global Financial Crisis started because of house market crash in 2007. There were many factors that contributed to the housing market crash in 2007. These factors included: subprime mortgages, the housing bubble, and government policies and regulations. The factors were a result of poor financial investments and high risk gambling, which slumped down interest rates and price of many assets. Government policies and regulations were made in order to attempt to solve the crises that emerged; instead the government policies made backfired and escalated the problem even further.

promoted a half way approach to liberal ideas while they incorporated parts of a social