Canada is now freezing the assets of people who dare to protest government power. When the government controls the money and the financial system, human rights mean very little.
Some of the government authoritarians in Ottawa and DC may think they have the upper hand at the moment. As usual, government authoritarians are very shortsighted.
Sticking to Cold War–era assumptions is a recipe for a suboptimal foreign policy, which could increase the probability of the US stumbling into a disastrous war of choice.
Opponents of markets claim that worker wages have not kept up with worker productivity. This incorrect claim is based on two mistakes in estimating wages.
In 2020, Prime Minister Trudeau expressed alarm that the Trump administration might put down violent protests in US cities. In 2022, he decides a heavy-handed response to peaceful protests is justified.
As much as we may wish to substitute government edicts for markets, the fact is no amount of government control can overturn the realities of economic law.
Flawed as we are and with limited knowledge about the world and ourselves, we might not know what is objectively “best for us long term.” Government planners know even less.
