Saturday, February 18, 2017

Saturday Morning Links

Assorted content for your weekend reading.

- Jordy Cummings exposes the shady side of Justin Trudeau's shin persona. Dimitri Lascaris interviews Nora Loreto about Canada's relationship with the U.S. And Michal Rozworski challenges Trudeau's decision to serve as a prop for Donald Trump rather than defending Canadian values:
The point to remember is that there would be intense pressure from within the US business world to prevent a trade war in the first place. Given today’s highly integrated supply chains, even a proportionately small volume of trade can still be crucial. It matters less that trade with Canada accounts for just 5% of GDP if some of that 5% is specialized parts and inputs that can cripple production. And it’s not that easy to replace Canadian-made goods in this case: doing so would require long-term investments with considerable fixed costs in plant and equipment. It could be done, but it won’t be the result of one critical statement.

Nevertheless, Trudeau acts as if that’s a real risk. Even if there might be no personal love lost between our cosmopolitan neoliberal leader and his nativist protectionist counterpart, officially this week it was all smiles and handshakes. Trudeau ducked questions from reporters at his joint press conference, stating, “The last thing Canadians expect is for me to come down and lecture another country on how they chose to govern themselves.” This condescension misses the fact that a majority thinks that even worsening trade relationships would be a price worth paying for standing up to Trump—nevermind that fears of a worsening are overblown. Past prime ministers have been willing to stand up to US presidents over smaller things despite the trading relationship.

Trudeau has to be aware of Canada’s unequal standing in its relationship with the US but he doesn’t have to cower in the corner waiting for a strike from the bully that may never come. Being in less powerful in a trading relationship doesn’t equate to moral paralysis in other spheres. Economic disruption cannot be a cover for lack of spine. My hunch is that Trudeau knows this—that his failure to stand up to Trump is cowardice that has its source in political calculation not economic necessity.
- Brent Patterson comments on the need for Canada to seriously evaluate the dangers of the CETA and other corporate control agreements. And Stuart Trew and Scott Sinclair map out the road ahead as CETA undergoes scrutiny from the EU's member states.

- Alex Hemingway and Iglika Ivanova examine how the B.C. Libs have gone out of their way to impose a regressive tax system. And Marco Chown Oved reports on the Conference Board of Canada's study showing that Canada may be missing out on up to $50 billion every year in uncollected taxes.

- Meanwhile, the Economist notes that one of Trump's first major moves has been to facilitate bribery and corruption by allowing resource giants to conceal payments to foreign governments.

- Finally, Dan Durcan and Faiza Shaheen take a look at the realities of work in the U.K., where reasonable surface numbers of jobs are outweighed by the fact that the new work is generally low-quality and precarious.

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