Recent Developments in the Canadian Economy: Fall 2016

This Economic Insights article examines the extent to which the lifetime income of children is correlated with the lifetime income of their fathers—a topic known as intergenerational income mobility. The analysis uses data from Statistics Canada’s Intergenerational Income Database, which links together children and their parents using tax files. The data provides information that permits the comparison of the income of children to those of parents at a similar stage of the lifecycle.

Source: Recent Developments in the Canadian Economy: Fall 2016

This article by staff at StatsCan looks pretty straightforward at first glance. It tells the story of the ‘Canadian economy’ for the year leading up to this fall. However, the real story lies elsewhere. As I’ve noted a hundred times, Canada doesn’t trade, ‘it’ doesn’t produce goods. it doesn’t sell goods. Those activities are carried out by business, largely in the form of large multinational corporations. That’s where you have to look if you really want to figure out what’s going on in the world of ‘economics.’ More on this soon, although a search through my archives will yield a lot of writing on this topic.

 

Canadian prison overcrowding going to get worse in long-term, auditor general reports | National Post

Canadian prison overcrowding going to get worse in long-term, auditor general reports | National Post.

Harper is aspiring to be a mini-me to the US in terms of prisons and incarcerations.  The US puts more people in jail than anywhere else by far.  It’s good for business.  Stephen Harper is jealous and feeling that Canada’s not keeping up.  So the auditor general is right.  Prison overcrowding and the provocation that is will cause riots and higher recidivism rates.  Welcome to Harper’s Canada.  I don’t feel it’s mine anymore.

For more on this read Nils Christie’s book, Crime Control as Industry.  Very informative.