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From: john@bby-bc.UUCP
Newsgroups: can.politics
Subject: Re: market crash
Message-ID: <170@bby-bc.UUCP>
Date: Fri, 23-Oct-87 01:26:20 EST
Article-I.D.: bby-bc.170
Posted: Fri Oct 23 01:26:20 1987
Date-Received: Sun, 25-Oct-87 10:50:39 EST
Distribution: can
Organization: Burnaby, British Columbia, Canada
Lines: 51
Summary: if you think you can't do anything then you won't do anything; it is called a self fulfilling prophecy.

> > I see this morning's Globe&Mail says the NYSE's Dow composite dropped over
> > 20% yesterday with most other world markets indicators dropping about %10
> > (except for the Japanese who only dropped %2).  Sure is a good thing
> > we're going to tie our economy so tightly to the US, isn't it.....
> >
> >john
> 
> If you haven't noticed, the other world markets (including Toronto) have
> all dropped in a similar manner to that of New York, although some of them

From what I read none were hit quite as badly as the US.

> took two days instead of one.  All without free trade.  Our economy is

Well at least their lack of free trade gave them a couple of days grace.

> already tied very tightly to the US, and it's silly to prentend that it
> isn't, or that it could be disassociated.

Silly because you say so?  Why can't we weaken the connection?  You mean
if the US just suddenly disappeared Canada would inexorably disappear too?


The politicians have said we have this problem:

	80% of our trade is with the US and every time their economy
	twitches ours shakes.

So then they come up with a "solution":

	Lets tie our economy even tighter to the US economy - that'll
	solve all our problems!

Uhhhh sorry!  If I live next to a noisy neighbour I dont solve the problem
by moving even closer.

Regardless of how one might feel about the US itself it is *ludicrous* to
try and make our economy stable by tieing it all to one other country, *any*
country.

The government has tried to claim that people who are against the free
trade agreement with the US are cowards.  I say the reverse is true.  It
is the cowards way out to say that the best solution to our problems is
to merge with the american economy and hope that is some sort of panacea.
What *would* be courageous would be to strike out and forge ties with
other countries; to make Canadians so good at what they do that people
come to us *asking* for our goods and services; to make us independent
of any one country, economically and politically. To stand on our own
feet for crying out loud.

john