Tuesday, December 22, 2015

Out Of Touch Govenor

Most of you who read this will be aware of the comments made by Stephen Poloz, the Governor of the Bank of Canada, on November 4. He suggested that unemployed youth should work for free until the job market picks up. His remarks came a day after a speech he made saying 200,000 young Canadians are out of work, underemployed or back in school. What he didn't say was that many of them need money desperately to survive and pay for courses. It was one of the most stupid and irresponsible things a person high up in the capitalist hierarchy has said in a long time. It is a searing indictment of capitalism that the higher one rises, the further out of touch with economic reality he/she is likely to become. John Ayers.

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