A New Deal for Progressive Trade
Beth Baltzan lays out the original vision for progressive international trade and demonstrates why today’s trade regime enables Trump’s tariffs.
Beth Baltzan lays out the original vision for progressive international trade and demonstrates why today’s trade regime enables Trump’s tariffs.
In 1967, responding to an open letter calling for an alliance of socialists and liberals to address growing American encroachment in Canada , Ed Broadbent argued forcefully that the two ideologies were committed to ends so radically different that cooperation on the basis of shared nationalism was both incoherent and impossible.
Canadian governments will have to maximize industrial job creation here in Canada, and they will have to perhaps stand strong in the face of WTO or European protests in order to do so.
Development of a new trade agenda should certainly be on the agenda of labour and the left.
Given the huge imbalance, this would likely require more managed trade plus more proactive Canadian industrial policies. As a planned economy, China might be open to sectoral managed trade arrangements.
The innovation agenda marks another incremental turn away from “framework” economic development policies. But the shift is unlikely to be transformational unless it is scaled up and accompanied by a greater role for long-term public investment.
Our trade situation was a serious problem long before the election of Donald Trump and new realities will demand a serious re-thinking of the liberal trade and industrial policies of the “free trade” era and not just more of the same.
Acquisitions by foreign corporations of Canadian companies may be in the interests of shareholders and corporate executives, but harmful from the perspective of workers and local communities.
Will the Trudeau Government have the courage to listen to concerned Canadians and acknowledge that “free” trade and investment deals have run their course?