In his piece titled A Big Messy Essay on... Occupy Wall and Bay Streets, Joshua Hind tries to explain why taking the streets and protesting may look foolish when one considers the status of Canada's banks and its banking regulations.
Taking the Canadian system at face value, there's little point to an Occupy Bay Street movement. Canadian banks were heavily regulated in 1991 and the result of that legislation was a banking industry that couldn't rely on speculation in the way their southern cousins could. Regulation also prevented the predatory issuing of mortgages to people who obviously couldn't pay them as well as the debt swapping that followed the housing boom in the US. Our housing market hasn't yet collapsed and doesn't look prone to doing so and finally, while we do have a degree of income disparity in Canada, our aged but relatively robust social safety net does catch many who fall through the cracks. People, who in the American system, would plummet.
If you take the Canadian system at face value, we have major problems, but they're not irreparable. Our most pressing matter is a political one, attributable to our antiquating electoral system. Despite the impression we might get at election time, I don't think Canadians as a whole are shifting to the right. Quite the contrary, if there was a Conservative shift within the electorate, the results of the recent provincial elections have shown it to be the briefest of flirtations. Most provinces have seen big gains by the NDP, a trend I think will continue over the next 4 years.
Canada is certainly in desperate need of electoral reform, but I think that reform is achievable within the established system.
The problem is our US brothers and sisters, who are fucked up in a way we can't possible imagine.
|Can you get swine flu from a dollar bill?|
|Listen to Bitcoin: Making Music With Bitcoin Transactions|
|A.I.G., Grateful for the Bailout, May Now Sue the U.S. Government|
|What Flying First Class on an Emirates Airlines A380 is Like|
|Money and the Crisis of Civilization|
|Everything We've Learnt About the Surveillance State|
|How to Avoid Jury Duty|
|Go the Fuck to Sleep: A Children's Bedtime Book|
|“Put words between buns.”|
|“He portrays these abandoned malls as apocalyptic ruins.”|
|“Rejuvenation is Finally an Industry.”|
|“The cost could be so near to zero it will effectively be free.”|
|Japanese Robot Serves Ice Cream From Inside a Vending Machine|
|Cure for Gayness? There's an App for That|
|The BROpener: Any Surface Becomes a Bottle Opener|
|Sensually Retro Illustrations by Simone Massoni|
|Good Fucking Design Advice|