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Innovate? In this economy? With these profit margins?
Canadian businesses are immensely profitable, but businesses simply haven't been reinvesting in them. As Tom Goldsmith writes in Orbit Policy's Deep Dives, the financialization of Canada’s economy and the high levels of rent extraction that accompany it are barriers to innovation. We are impoverishing ourselves over the long term to support short-term financial gains. If we care about innovation and productivity, then we need to focus far more critical attention on corporate Canada.
Canada’s Liberal party will face down Trump. But will it address inequality? | Truthout
Prime Minister Mark Carney has a monumental task to lead Canadians through the turmoil of a second Donald Trump term, while also addressing various crises: affordability, housing, toxic drugs and health care, to name a few. For Truthout, Nora Loreto interviewed SCP Fellow Silas Xuereb about the crises that loomed over Canada's recent federal election and one fundamental cause that was never clearly identified: concentrated corporate power.
As Canada prepares for disruption and sacrifice, whose side are our leaders on?
In this election, Canadians are looking for a leader who will stand up to economic threats from our mercurial and adversarial neighbour. But how, Matthew Mendelsohn asks, will the ideas on offer help workers, regular people, not-for-profits and smaller and medium-sized businesses transition to the emerging new world order? Yes, Canada needs economic growth, but it needs to be the kind that enriches working Canadians, not just not just large financial and corporate interests.
A message from Social Capital Partners: We’re going to tell you the truth
There are lots of real, tangible public-policy solutions to the problems we face, says Matthew Mendelsohn. It begins with talking about the economy in a different way, grounded firmly in the public interest and data that reflect the reality of how people experience their economic lives.
Preparing for SCP’s next strategic phase
Social Capital Partners has a long history of investing in people and projects that create more economic opportunity in Canada. Recently, our focus has been on establishing more avenues for working Canadians to build wealth through ownership. Learn more about what we are moving towards.
Bank of Canada’s unproductive productivity speech
Social Capital Partners' CEO, Matthew Mendelsohn, reflects on the Bank of Canada's productivity speech and calls for need of fresh ideas, voices and questions.