Principle of insufficient demand

By Letter to the Editor on June 10, 2020.

Mr. Kenney and the “conservatives” claim they have the answer to our economy; but they cannot see or understand the market principle of insufficient demand. The globe has a glut of oil and gas. Pipelines to provide more only increase the unneeded supply. Thus, reducing price further. Subsidies like tax cuts and incentives to business are sideline issues to transfer public funds into private hands.

Violence and war rooms do nothing to reduce stress. Jobs are produced by meeting the legitimate needs of people. Unnecessary consumption creates debt. Greater debt feeds bank profits. Satisfaction of legitimate needs of education, health care and elimination of market monopoly is the job of government.

Free trade deals are myths that use “red tape” to distract the public from market manipulation by financial speculators (gamblers). Some myths are fantasy creations, meant to satisfy the legitimate questions people pose about why economic “development and growth” are not shared equally across society. Myth repetition cements them into the consciousness of the people. Have economic myths explained reality, or simply justified lack of change?

When people feel their legitimate questions are not heard, or answered, eventually frustration boils to the surface. The Neoliberal answer is always through “law,” which their system gives them control over.

The Neoliberal (or Neoconservative) promotes police and military solutions. These rigid responses do not provide answers to stress. They are establishment methods to recapture control. Control of the established order is vital to the right-wing agenda. They claim control of the conversation through corporate monopoly of media and entertainment.

The right uses the rhetoric of nationalism and race supremacy to justify expansion for capitalism. Privatization, opening the market for the one per cent, has less effect for the 99 per cent. My question is who gave Canada to the British – or the French?

Don Ryane

Lethbridge