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Decentralized Democracy

House Hansard - 251

44th Parl. 1st Sess.
November 20, 2023 11:00AM
  • Nov/20/23 12:41:38 p.m.
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  • Re: Bill C-56 
Madam Speaker, I have to hand it to the hon. member. I rather enjoy his analysis on monopoly capitalism. He has spoken at length about the ways in which the dominance of corporations have concentrated their power in this stage of capitalism. I wonder if the hon. member would find common ground with me and agree that the battle of competition is fought by cheapening of commodities. “The cheapness of commodities depends, ceteris paribus, on the productiveness of labor, and this again on the scale of production. Therefore, the larger capitals [defeat] smaller.” Further, “the credit system, which begins as a [modest helper] of accumulation,” soon “becomes a new and [formidable] weapon in the [competitive struggle], and is finally transformed into an enormous social mechanism for the centralization of capitals.” Would the hon. member agree with that economic theory? It could have been Adam Smith.
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  • Nov/20/23 2:33:21 p.m.
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Mr. Speaker, Bill C-56 certainly, I think, after some improvement by New Democrats, would help a bit with the housing crisis but would not solve the housing crisis. The fall economic statement is an important opportunity to make further progress on both the housing crisis and the affordability crisis. Funds have been depleted for social housing that need to be replenished, and there is further work to do on strengthening competition laws in Canada. Are these initiatives that we are going to see in the fall economic statement, or are Canadians going to be left waiting again?
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  • Nov/20/23 2:34:01 p.m.
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Mr. Speaker, the hon. member knows that he and I will both wait for tomorrow to see the details of the fall economic statement. However, I want to signal my intent to continue to the pattern of investment in affordable housing in particular that is going to make sure that everyone in this country has a safe and affordable place to call home. Over the 30 years that preceded our time in government, governments of different stripes chose not to make the necessary investments to ensure that we had sufficient, affordable housing stock. We are going to continue to make the investments that are necessary in affordable housing to restore something to the ecosystem, and that is a level of affordability that we desperately need.
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  • Nov/20/23 2:41:37 p.m.
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Mr. Speaker, the first thing we are going to cut is wasteful spending, like the $54 million for ArriveCAN, the $200 billion in COVID-19 spending, since the Parliamentary Budget Officer cannot even tell what that money was used for, and the $135 million that Frank Baylis got for nothing. The government has done a lot of spending over the past eight years. There is a long list of things it has spent money on. If we start by cutting that, we will get back to a balanced budget and Canadians will be much better off. Does the minister plan to return to a balanced budget in tomorrow's economic update, yes or no?
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