[PEN-L:3390] Re: Canada

[michael@xxxxxxxxxxxxxxxxx]

I confess that I think that the NBER paper that Doug brought to our
attention might be on to something.  I remember a time almost 20 years ago
that I visited Toronto for the first time.  I did not see much poverty.
The city seemed very well run.  Maybe I was naive, but it seemed a stark
contrast from the US.

I recall reading some papers around that time about the kind of
concentrated ownership that Canada had.  It seemed that the Canadian
capitalists were far more enlightened that the U.S. capitalists.  Canada
seemed to evoke the Business Week version of capitalism rather than the
more Hobbesian Wall Street Journal version.

Since then, Canada has fallen under the sway of a more U.S. verion of
capital and is paying the price -- at least some are.
 --
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx