As Trump continues to place pressure on
Canadian Sovereignty, a close examination of as a whole to geo global geo-politics
from the 1980s forward, in terms of economics and trade relationships have many
clues as to the decline of America and Canada as a whole, leading to not only
the economic circumstances facing the lives of both working Americans and
Canadians but also the polarization of not only the fascist right but also the
radical left.
It
can be observed that numerous Americans are concerned about the Trump
administration's assertive actions in the global economy, particularly
regarding its approach toward the sovereignty of NATO-aligned member states.
These developments reflect the culmination of policy directions and decisions
initiated during the Reagan, Thatcher, and Mulroney eras.
The
first thing that everyone must do is put the Rhetoric on both sides into a
corner. This is, for the most part, posturing. On one hand, you have the
extreme right Oligarchy Which has put its faith in the Trump Administration with
its billionaire cabinet and just as the Canadian Conservative party, the
representation of the angry man at the schoolhouse door, placing blame without
providing practical solutions to counter the economic circumstances that affect
both countries equally.
Conversely,
individuals across the political spectrum—including those in the center, right,
and left, such as the Liberals and Democrats—have offered general responses to
the nation's actions. Carney, recognized for his eloquence and expertise in
economics, currently adopts a defensive position, aiming to uphold his
administration’s prospects of forming a majority government in the event of a
confidence motion. Much as the Democratic Party of the USA. However over the
time since the 1980s they both have had an equal hand in the undoing of the
North American economy and especially its working population.
This
all begins with the Ronald Reagan Margaret Thatcher era. Ronald Reagan, whose
rise in the GOP was predominately based on not only his celebrity status but
also his work during the McCarthy era house investigations on un-American
activities, where he actively to part in red bating and ruining the lives of
many actors, labour leaders, and many other proffesional organizations across
the United States. He would rise to become a corporate darling , and a
proponent of corporate and financial domination worldwide.
What
both He and Thatcher realized is that in order to accomplish this the first
thing that they needed to do is take away the greatest source of power on the
left, and that was the systematic destruction of the Labour movement. Reagan
delivered the first blow with the firing of the Air Traffic Controllers,
followed closely by Thatcher's all-out attack on the Unionized miners in the
United Kingdom. Followed very quickly by the destabilization and privatization
of public services as well as the deregulation of transportation, energy, and
the banking industry.
Corporations
recognized that organized labour's position within North American
democratically elected society had weakened, resulting in a diminished sphere
of influence for organizations such as the AFL/CIO and the Canadian Labour
Congress. This shift has led to persistent challenges from emerging economic
powers, ultimately reducing labour's role to a fraction of its former
significance in the industrial era.
Mulroney
previously led the Iron Ore Company of Canada before becoming Prime Minister.
During his tenure, he initiated significant changes to Canada's economy by
selling off several Crown Corporations that had traditionally supported
domestic wealth, research, and development. This shift transferred much of
Canadians' economic interests to the private sector, which was primarily
controlled by US-owned multinational companies. As a result, Canada became one
of the world's largest exporters of capital.
With
Corporate America now at the helm of the North American economy thing began to
change dramatically, and the industrial age of North America came to an end.
This
leads to the topic of Free Trade, including NAFTA (now known as CUSMA) and the
subsequent signing of the WTO agreement. In contrast to the European Union, the
agreements established among North American countries did not incorporate
provisions to ensure labour standards were equally upheld across member states.
As a result, manufacturing shifted extensively towards the Mexican border,
where wage conditions were considerably lower. These changes in the economic
landscape affected both American and Canadian workers, who increasingly relied
on borrowing, contributing to rising public debt that ultimately played a role
in events like the subprime mortgage crisis in the United States.
The
World Trade Organization was established in 1994, which allowed emerging
nations to participate more actively in global commerce. This development
greatly benefited wealthy elites, such as Donald Trump, who, like many others,
moved their product manufacturing overseas to take advantage of the low-cost
labour conditions found in the Far East.
A
significant turning point for the North American economy occurred in 1997 with
the transfer of Hong Kong from British to Chinese sovereignty and China’s
subsequent adoption of an oligarchic economic model. Prior to these
developments, countries such as China, Russia, and India were often
characterised by considerable economic and political challenges, and at times
were regarded as unstable states.
Due
to China's authoritarian government, a large supply of inexpensive labor became
available for infrastructure development, allowing many Fortune 500 companies
to relocate rapidly to the Far East. These companies benefited from an abundant
workforce with limited oversight and minimal safety and health regulations,
similar to trends observed in India. One of the early indications of these
regulatory differences was the emergence of lead-based paints—banned in North
America—in children's toys.
For
North American workers now suffering the effects of poor working conditions or
if nessesary the implementation of both temporary foreign workers in Canada and
undocumented and migrant workers in the states to keep wages down. Became the
consumer victims of cheap imports from the far east, once manufactured in our
own back yards.
Capital
investments, public works, and infrastructure in North America declined as
significant tax concessions were granted to the very oligarchy that contributed
to these issues. This trend resulted in widespread housing shortages, increased
living costs, and the consolidation of monopolies not only within businesses
but also throughout the supply chain. In the absence of economic regulation,
oligarchs and monopolistic entities were able to set prices at the highest
levels consumers could tolerate. As a result, many individuals faced increasing
economic hardship, further entrenching disparities between those with resources
and those without.
Trump
and the rest of the Global Oligarchs benefited greatly from these global moves.
So why now is the blame card being placed on the very country they served to
build up to protect the interests of the Oligarchic powers that be, and why
does he have his sights set on fulfilling the Monroe Doctrine?
The
primary factor is debt, specifically the substantial debt accumulated by both
the USA and Canada over recent years. Additionally, the United States faces a
shortage of critical minerals and resources necessary to restructure its
economy. Economic pressures, including those stemming from corporate
influences, have contributed to vulnerabilities within the U.S. economy.
President Trump’s policies reflected ongoing alignment with established power
structures; however, absent further expansionist initiatives in regions such as
the Arctic and South America, the American dollar supported by economic elites may
experience significant devaluation, potentially leading to broader economic
challenges.
Carney's
speech served as a prompt for mid-level economies to consider alternative
strategies in response to the emerging isolationist policies advocated by the
Trump Administration. He emphasized that exploring these options is essential
to avoid potential economic constraints.
So
in one way, his speech, although based on economic fact and reality, is without
a doubt a beacon to the rest of the world. The question is how far he is
willing to carry this vision out, and will Canadians and the rest of the world
be willing to follow along?