Friday, November 09, 2012

On unwanted imports

The Mound of Sound is rightly appalled at the revelation that JP Morgan is making money off of the U.S.' food stamp program.

But lest we think the problem is limited to our neighbours, let's note that the Cons are doing their utmost to ensure that every social ill turns into a source of corporate profits on our side of the border as well:
(Diane) Finley has repeatedly rebuffed pleas for a national approach to housing and poverty, arguing that the federal government is not best placed to deal with issues that often have local nuances.

But at the same time, since the federal government provides significant funding for affordable housing, homelessness initiatives and other key social programs, Ottawa is deeply implicated in social policy whether it likes it or not.

Finley suggested she was frustrated with the lack of progress in social programs [ed note: of the type which her party has consistently refused to support], and wants to dramatically re-arrange the system...
And that re-arrangement means...
“Social finance is about mobilizing private capital to achieve social goals, creating opportunities for investors to finance projects that benefit Canadians and realize financial gains,” the government said in a statement announcing the financing mechanism.
So as far as the Cons are concerned, the main problem with poverty in Canada is that the financial sector hasn't yet figured out how to make enough money off of it. And absent some significant pushback, we can fully expect that the JP Morgan example will pale in comparison to what we'll end up paying to turn citizens' dire needs into corporate profits.

7 comments:

  1. Anonymous7:56 AM

    Just another scheme to transfer public treasure into wealthy private hands.

    ReplyDelete
  2. Anonymous5:18 AM

    This is the perfect webpage for anyone who wishes to understand this
    topic. You know so much its almost hard to argue with you (not that I personally will need to…HaHa).
    You certainly put a new spin on a subject that's been written about for ages. Wonderful stuff, just excellent!
    Feel free to visit my page ... Teen porn

    ReplyDelete
  3. Anonymous3:31 PM

    Hmm it seems like your website ate my first comment
    (it was extremely long) so I guess I'll just sum it up what I wrote and say, I'm thoroughly enjoying your blog.

    I as well am an aspiring blog blogger but I'm still new to the whole thing. Do you have any points for beginner blog writers? I'd really appreciate it.
    Also visit my web blog ... oregon mountain community coupons

    ReplyDelete
  4. Anonymous4:39 AM

    Malaysia & Singapore & brunei ultimate on-line blogshop for wholesale
    & supply korean add-ons, earrings, earstuds, necklace, rings, trinket, hair & bangle add-ons.

    Offer 35 % wholesale markdown. Ship Worldwide
    My blog post xbox 360 repair

    ReplyDelete
  5. Anonymous11:12 PM

    I am truly glad to glance at this website posts which carries plenty of useful data, thanks for
    providing such data.
    My website: visit the following internet page

    ReplyDelete
  6. Anonymous6:28 PM

    We stumbled over here from a different website and thought
    I might as well check things out. I like what I see so now
    i am following you. Look forward to checking
    out your web page again.

    my webpage; nude girl blowjob

    ReplyDelete
  7. Anonymous2:20 PM

    Wow, marvelous weblog structure! How lengthy have you
    ever been running a blog for? you make running a blog
    look easy. The whole look of your web site is wonderful, as well as the content!



    my web site; http://www.cuteteenporn.net

    ReplyDelete