By John W. Warnock
Over the past few weeks politicians and the mass media have been ranting
about the development of the Alberta tar sands. Thomas Mulcair, the new
leader of the federal New Democratic Party (NDP), and a number of left
leaning economists have argued that the massive investment in the
development of the oil industry in Canada has been giving Canada a dose
of the Dutch Disease. The influx of foreign investment has boosted the
value of the Canadian dollar and has resulted in the steady decline of
the manufacturing industry all across Canada. This is what happened to
The Netherlands in the 1960s when its government stressed the rapid
development of their offshore petroleum industry. In 2008 the
Organization of Economic Co-operation and Development (OECD) had warned
Canada about this development.
May 29, 2012
There should have been a serious debate on the issue, but the politicians and the mainstream media, including the CBC, shot that down by posing the issue as a conflict between central and western Canada.
But far more important is the question of whether or not the tar sands should be developed at all. It seems that no one in any position of authority in Canada wishes this issue to be opened up to a general, democratic debate.