Decentralization of supply management led to better results
Vaccines are seen as the key to ending the COVID-19 crisis. But creating a vaccine is one thing; having enough of it for the population is another. Here comes the problem of supply management. From the beginning of the crisis, many pharmacy laboratories worldwide tried to develop a vaccine against the virus. Some of them…
We need to cut red tape so we can respond efficiently during times of crisis
The pandemic took many countries – governments and their citizens – by surprise. Many weren’t prepared to face such a crisis. Initially, most Western countries refused to panic and wanted to manage the situation like another flu epidemic. But the outbreaks in hospitals and other medical facilities in many countries led to chaos, forcing governments…
An economic burden for future generations
The debt in Canada’s Prairie provinces has grown colossally during the COVID-19 pandemic, just as debt has in the rest of Canada and around the world. At the end of 2020, Alberta’s debt was estimated at $98 billion, Manitoba’s was $28.6 billion and Saskatchewan’s was $15 billion. These debts are an economic burden for the taxpayers…
Brexit can also be an opportunity for members of the Commonwealth to strengthen their trade, social and military ties
Brexit has allowed the United Kingdom to establish an independent trade policy outside the expectations of the European Union. European law and treaties signed by the EU no longer apply to the U.K. Accordingly, the British government signed the Trade Continuity Agreement with Canada. The agreement, which took effect on April 1, maintains the intent…
And lead to a reshaping of communities
Stay-at-home orders related to COVID-19 have changed working habits. The mandatory work-at-home advice for office jobs has created a debate about work after the health crisis. Will we continue to work at home or will we return to the office? Some have stated that people who work from home must have lower pay. The research team…
The current turmoil could weaken budgetary discipline, leading governments into long-term spending and increased debt
At the end of 2020, Alberta’s debt was estimated at $98 billion, Manitoba’s was $28.6 billion and Saskatchewan’s stood at $15 billion. These debts are lower than Quebec’s ($220 billion) and Ontario’s ($448.9 billion), but there are concerns about their sustainability. Indeed, they’re a long-term burden for the governments, the taxpayers and the economy. Debt growth…
Vaccine passports violate freedom-of-movement rights. And it would let authorities know people’s habits, a violation of privacy
Since the COVID-19 pandemic began, many countries have imposed restrictions. Vaccine passports are the latest and perhaps most dangerous of these restrictions. The rest of the world imported the lockdown strategy first used in China, restricting businesses classified as non-essential. Vaccination has been presented as a way to return to pre-COVID-19 times, but it has…
MMT leads to more government control over the economy and turns central banks into a political tool
Public debt is not a problem, suggests the big idea behind modern monetary theory (MMT). That’s a faulty and dangerous assumption. The current economic crisis has allowed MMT to gain influence among the political class. Among the people who developed United States President Joe Biden’s economic program is Stephanie Kelton, a former economic adviser to…
Finland acknowledged its two-year experiment a total failure
The COVID-19 crisis has brought back to the forefront the idea of a universal basic income or guaranteed annual income. It’s an idea that should be abandoned. In response to the economic crisis caused by the COVID-19 restrictions, the Canadian government has implemented the Canada Emergency Response Benefit (CERB). Eligible people receive $2,000 for a…
Blocks entrepreneurship, economic growth and jobs
The introduction of a wealth tax in Canada is a recurring subject that has drawn new interest during the current COVID-19 crisis. It’s a temptation best ignored. In the 2020 throne speech, Prime Minister Justin Trudeau said, “The government will also identify additional ways to tax extreme wealth inequality,” arguing that it will help the…