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“Hopes” for growth in wealth creation is the “future”; and yes, political leadership is required. The question remains, would a majority recognize it, due mostly to their developed need for ‘security’ which took the place of the merit (with all its risks) of earlier times? We are quite insecure.
As for the need of an “extra $2 billion per year”; if something like 70% of the budget goes to paying people, it is obvious to me that, like good parents, the province ought to learn to say no to some of its ‘dependents’. (Political leadership?)
Healthy economic growth hasn’t been ours for a 100 years. Such growth occurs where ‘real’ opportunities are. For growth to happen here, the private sector has to fight off …its government opportunists!
Hoping for a resource boost, while it would be positive, won’t change us to a ‘want-to-be-vibrant’ culture. We will get off-government when the money runs out – from which the austerity-world is surely, slowly, coaxing us back towards some sort of normal. Normal may well bring a reduced population, along with a public sector that it can afford.
Political cultural challenge?
gordon a.... | July 8, 2013 | Reply
There is no panacea for provinces with natural resources in vogue. Ontario was the resource giant of the mid 20th century yet they carry one of the largest debts per capita in the country. Nova Scotia should not rely on resources that are buried in the ground. They are not renewable. Renewable. Resources are above ground such as agriculture, forestry, people. One of the greatest Canadian problems is its inability to manufacturer home made created products. Asia should not make our toys, cars, furniture, etc. There is no doubt cheap wages are issues we deal with and based on my trip to Nova Scotia this past spring the wages are dropping and not rising. Now this next statement may sound foolish but recent history shows it is not; wages should drop and remain low till we can become a more attractive labour force to manufacturers. If sustainable, high quality products are going to be manfactured in Nova Scotia, we need to look attractive to home grown manufacturers. I believe we can do this and are on our way with current economic conditions. An equilibrium has yet to be reached from the late 20th century where wages were inflated by greedy union shops. When the equilibrium is reached we will find that manufacturers will be willing to consider Nova Scotia as home base. The rest of the world Is dealing with the same issue. China is begiining to deal with this issue and they are using damaging policy to counter the issue.
There is no easy answer just many considerations.
David Kopriva | July 5, 2013 | Reply
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