Canada did not have a financial bubble in 2008, so we did not become [View all]

[applegrove]

Xenophobic. Harper's Conservatives tried to play the xenophobic card during last fall's election saying that the conservatives would start a barbaric cultural practices hotline to the RCMP if elected. Canadians were disgusted. Trudeau's Liberals and their 'sunny ways' won the election. True we have much greater control over immigration than most other countries but we also had a mild recession only after the Financial bubble burst elsewhere and, to their credit, the conservatives did Keynesian spending during it. Not one Canadian bank went under. Previous Liberal government refused to deregulated banking completely. So yes. Neoliberalism has destabilize the world's economies when the deregulation goes too far. And yes that results in political destabilization when the resulting recessions go on too long. Things fall apart including democracy. People need economic and political equality for democracy to work. First Trump and now the Brexit. The moral to the story is that the right and neoliberals should not have carte blanch to deregulate to the nth degree and the left needs to be a part of trade discussions.