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Decentralized Democracy

House Hansard - 233

44th Parl. 1st Sess.
October 17, 2023 10:00AM
Context: House Hansard - 233 - Oct/17/23
Mr. Matthew Green (Hamilton Centre, NDP)
  • Oct/17/23 4:02:35 p.m.
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Mr. Speaker, I only caught the last three minutes of the member's speech, but I heard him touch on some things, and he has presented to the House that he is indeed fiscally responsible and looking for some cost recovery in some of the programs and services. However, when he speaks of balance, I have never heard that particular member talk about the out-of-control compensation for CEOs and the profiteering of big corporations. It seems that much of the discussion around inflation is centred on the Bank of Canada, where we have Conservatives blaming the government and the Liberal government blaming workers. Whether it is regarding this particular matter, the fall economic statement or the budget he has proposed, we have a scenario where, in 2021, the highest-paid CEOs made $14.3 million or collectively brought in $1.4 billion, while the good hard-working people I know in Wolfville are still struggling to get by on their average salaries for everyday Canadians. What does he have to say about that?
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Context: House Hansard - 233 - Oct/17/23
Mr. Matthew Green (Hamilton Centre, NDP)
  • Oct/17/23 4:17:43 p.m.
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Mr. Speaker, I often enjoy my debates with the hon. member for Northumberland—Peterborough South. He likes to reference his economic theory. He did some of that today in talking about the out-of-control housing crisis we have, what I affectionately call the crisis of capitalism. I would like the hon. member to reflect on this. In 2013, in Hamilton, the average house cost was $350,000. The high end of a unionized carpenter's salary was $42 an hour. Fast-forward 10 years and the high end for a unionized carpenter's salary is $48 an hour, but the same home the carpenter builds has now doubled in price, to over $700,000. That is what we are looking at now. The reality is that the surplus value of the labourer's work, the money he or she is building and wealth he or she is creating in this country, is going somewhere, but who is not going to? It is not going to the worker. My question for the hon. member is on his economic theory. When he looks at the crisis of capitalism and the housing crisis, would he at least have the courage today to stand up and talk about where the surplus value of labour is going? It is not going to the working class but to Bay Street, the banks and big developers.
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