Paul Martin’s prescription


In between cups of coffee—15 per day? Really?—Paul Martin explains how the world and Canada should be reacting to global economic turmoil.

In Canada, he would like to see the federal government take advantage of this country’s relatively strong finances to quickly make needed investments in infrastructure, education, and research and development. Those, he says, will be the key to Canada’s prosperity in a world where success will hinge on the ability to compete with, and tap into, Asia.

“Our economy is slowing down, we’re going to be affected by the [downturn in the] United States and we’re going to be affected by Europe,” he says. “We have to penetrate those rising Asian markets, and we’re not going to do that unless we have got the best-educated work force, unless we’ve got the best infrastructure, and unless we are creating our own Apples.”


Paul Martin’s prescription

  1. Exactly what I’ve been advocating for years. 

    Let’s hope he can talk the fools in the IMF into something more sensible than the tired old formulas they’ve been using since WWII….seeing as we didn’t have the brains to keep this man as PM.

    • Next you’re going to tell engineers to stop using the tired old formulae developed by Pythagoras 2500 years ago.

      • Cute….not very useful…but cute

  2. And we’ll need ships, lots of ships, not Canadian ships mind you, but lots of ships to haul all of those apples to China.

    • Tall poppies grow in Turds.

  3. Has China and India gained critical mass to sustain their own economies? I thought their manufacturing sector was still heavily dependent on the Western World’s economies.

    • Quoi?

      All countries are inter-dependent…there are no national economies anymore.

      • Gosh, where to start…

        ok, Western countries’ consumers depend on China’s cheap labour manufacturing for making the stuff they want to buy, China’s cheap labour manufacturers depends on the Western countries’ consumerism to buy the stuff they make. They’re interdependent in that way, granted.

        So if the Western Countries lose their money to buy the stuff China’s cheap labour manufacturers make, then what happens to China’s economy?

        What I was getting at, as long as China and India hold a price advantage on labour(and considering their overpopulation they always will, at a great cost to their living conditions) then our goal should not be to compete with them on equal grounds, but to maintain the technological edge.

        • Like I said, we’re all interdependent now. It’s a global economy, not a national one anymore.

          Yes, the only way for us to survive is to try to stay one step ahead….however we aren’t doing that.

          And China has people in space….

          • I’m lost here, are you agreeing or disagreeing with me?

            Cause I’m disagreeing with Martin. Asia is not a market with should compete with or tap into. The instant we start trying to do a price war in cheap manufacturing labour then we know we’re not heading in the right direction.

          • I’m saying you’re confused.

            China is a massive market, and of course we should be selling to them.

            And as I already said, we can’t compete with them in cheap manufacturing….that battle is long since lost

  4. I don’t know what PM is talking about, but we create tonnes of apples here in southern Ontario – macs, spartans, empires. I’m going picking next weekend.

    • Do you eat Ontario or Chinese garlic?

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