Saturday, February 1, 2025

"buy canadian" is not a good idea and is not helpful. i don't want to go to war with the american people or american workers, i want to shift costs back to american capital. my solidarity is with the international working class, not with bourgeois nationalist politics.

a better idea is "buy the cheapest options", and that is no doubt what people are going to actually do.

just pick the cheapest things you can buy and let ricardan equivalence work itself out. it doesn't matter where it's from and don't be worked up into thinking it does.
i don't exactly want to support the oil industry.

but, is hudson's bay or james bay not a reasonable place to build refineries, nowadays?
do you know who predicted this outcome of nafta?

pierre trudeau.

Pierre Trudeau called the FTA “a monstrous swindle, under which the Canadian government has ceded to the United States of America a large slice of the country’s sovereignty over its economy and natural resources.” John Turner called the FTA “the Sale of Canada Act.”

chretien and martin flip-flopped on this, and the younger trudeau has been an aggressive advocate and supporter of what we call free trade (which is really an investor's rights agreement, not a free trade agreement. most tariffs were already removed by 1985.). we have spent the last 40 years allowing nafta to destroy our sovereignty and dismantle our economy.

now, the americans are changing their mind, and we're utterly helpless. the president is even suggesting annexation. pierre trudeau was right.

we should have listened to the smarter incarnation of the liberal party, and not the dumber incarnation of it, but here we are, with the younger trudeau about to be thrown out of his party's leadership and the need to re-engage with the since abandoned policies of the elder and smarter one. 

if we had spent the last 40 years preparing for this inevitability, we might not be in such an awful position.

as it is, this is going to be brutal. expect 30% unemployment in some cities by summer. expect double digit inflation. the only thing we can do is socialize the losses and wait it out, and i don't think we're going to do it. the elite is going to throw the weak overboard and watch them drown.

every leftist has the right to say "i told you so", but only for ten minutes. let's not dwell on this, let's focus on adjusting.