After examining the Corporate Profit Rate in Canada in the previous post, I’d like to turn now to see how you fared in the past two decades.
After examining the Corporate Profit Rate in Canada in the previous post, I’d like to turn now to see how you fared in the past two decades.
How Canadian corporations’ profit, in average, fared in the last 60 years.
So how good is oil and gas for Albertans and Canadians? Obviously, it is good for the 6.1% employed in oil and gas. A good livelihood. Do Albertans or Canadians share from the stupendous profits of the oil and gas sector? Nope, that goes to the 20-30 people of shareholders plus ~20 in the board of directors per company. What trickles down to you is the meager corporate tax collected from those companies. That fuels all public services. And portions of it is recycled back to these companies as subsidies.
Prof. Wolff pens an article challenging both Republicans and Democrats to admit their policies’ failures and to open the public and professional discussion on capitalism’s recurring recessions and to systemic critiques and solutions involving systemic change. This article appears courtesy of Truthout.