SoVote

Decentralized Democracy

Francis Scarpaleggia

  • Member of Parliament
  • Liberal
  • Lac-Saint-Louis
  • Quebec
  • Voting Attendance: 66%
  • Expenses Last Quarter: $123,581.21

  • Government Page
Madam Speaker, I recognize that the banking system is the lifeblood of the economy, but talking about banking can sometimes be a bit dry, so I would like to talk about something else today, which is populism. What is populism? It is a focus on the ideas, concerns and problems of the people, combined with the political will to make those ideas, concerns and problems the focus of government policy. The Conservatives have appropriated the term “populist”, ascribing it exclusively to themselves and with virtuous meaning. What we are seeing, in effect, is Conservative virtue signalling, but in fact everyone in this House is a populist. Regardless of party, including those who are independent, we conceive our role as bringing the concerns of our constituents to Ottawa to influence government policy on their behalf. The difference between populism and the Conservative conception of populism is that the Conservative conception of populism has a dimension of “us versus them”. This “us versus them” ideology finds fertile ground on the Internet. Internet-fuelled populism is like a twister. It is a—
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Madam Speaker, in a few minutes it will be my second opportunity to debate against a bill introduced by the hon. member, which is based on what I consider to be facile assumptions, but it is a pleasure to debate the member. We were elected in the same year, 2004, and it is nice to see him up, partaking in debates in the House. There has been a flurry of attempts recently to impugn the Bank of Canada, and this bill feeds into that trend. It is not only the so-called Liberal establishment that objects to these attacks on the bank's independence. As a matter of fact, the member for Abbotsford objects to those kinds of attacks as well. I am wondering if the hon. member can tell us whether his entire caucus will be supporting his bill, given the comments of the member for Abbotsford.
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  • Apr/26/22 3:48:12 p.m.
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Madam Speaker, as I recall, the framework for the Bank of Canada in terms of its inflation target has not really changed much over the past few years. It is still aiming for a 2% inflation rate, so I do not see that there has been a radical change at that level. It is very important to recognize that the Bank of Canada is independent. I am quite fearful that private member's bills such as the one introduced by the former leader of the Conservative Party somehow try to shift the blame to an independent institution, impugn it and attack its credibility in the eyes of Canadians. I think that would be a great threat to the economic policy in this country.
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