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Wednesday, 27 September 2017

Free market U.S. government can't live with a little bit of competition from Bombardier


Passengers will be getting off Bombardier planes for good if they have to pay 200% extra thanks to a "Make Ammerica Great Again" ruling by the US.  
If there was still any willingness by fair minded observers to accept that competition was what so-called free market champions wanted, the U.S. Department of Commerce's recent imposition of a massive (+219%) trade levy on Canada's Bombardier should be the clincher [https://www.theguardian.com/business/2017/sep/27/punitive-export-tariff-placed-on-planes-made-in-northern-ireland.]. Just so happens that Bombardier is in competition with Boeing for similar global contracts of course and that the current resident of the White House has vowed to "make America great again" by rigging markets to create more local jobs. And if boosting the supposedly free market economy takes a little bit of market manipulation and trade barriers then so be it, goes the logic of big power realpolitik. Will the neo-liberal fantasists in Canada's government, who want, they repeat, to "balance economic  growth and nice things like the environment and health and safety standards, be willing to fight their "free market" U.S. allies on this? For the record bleats from Justin Trudeau, Bill Morneau and Chrystia Freeland will have no effect on the ally (aka competitor) they now intend to renegotiate a "better NAFTA" with. That unregulated markets favour ultimately only the already wealthy will once again be demonstrated as any reader of the world's most prominent economic statistician, Thomas Piketty, already knows.Time for Canada to stand up for fair trade and social economy. We're not holding our breath.               

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