Armine Yalnizyan, severity of recession in Canada

[KanadaHye]

Armine Yalnizyan of the Canadian Centre for Policy Alternatives (CCPA) is interviewed by Ish Theilheimer for Straight Goods News on the severity of the recession in Canada and what government needs to do to deal with it - recorded in Ottawa on April 30, 2009.

http://www.youtube.com/watch?v=OhLbyx1EuzA

Kak@ geradzenk

[hipeter924]

Re: Armine Yalnizyan, severity of recession in Canada

NZ recession is pretty bad too. I mean people do actually starve here, and its supposed to be first world. We used to have a socialist system aka free education, healthcare and 0% unemployment and no one starved or was poor. Then the 'western economists' from USA came in and stuffed our economy.

[JohnCanadian]

Re: Armine Yalnizyan, severity of recession in Canada

NZ recession is pretty bad too. I mean people do actually starve here, and its supposed to be first world. We used to have a socialist system aka free education, healthcare and 0% unemployment and no one starved or was poor. Then the 'western economists' from USA came in and stuffed our economy.

New Zealand does not have a "Developed" or Advanced Economy by IMF terms per capita. New Zealand's per capita is only $22,481.271 by 2014.

While Croatia's Per Capita will be $17,000 Nominal by 2014, Romania's Per Capita $16,400 by 2014, Poland's Per Capita $22,500 by 2014. Hungary as will have overtaken New Zealand's per capita by 2014 by a considerable margin, most of the EU CE States will have overtaken New Zealand's very low per capita by 2014. My country Canada will be far richer than New Zealand more than 2x. Our per capita will be $43,137.101

New Zealand certainly does not have a First World Per Capita/Economy far from it.

No wonder it sounds like that New Zealand cannot feed their own people as from the comment you said.

I believe that economic fact is not the true sign of a Developed Country far from being a wealthy country in fact.

I have heard from some of my friends that have been to New Zealand that the country is not wealthy and quite seemingly backwards.

[jgk3]

Re: Armine Yalnizyan, severity of recession in Canada

wow john, whatever doctrine you're following to judge people's nations, I hope one day you'll see that we're all on the same ship when it comes to the global economy and that these differences issued by IMF standards are more about global politics of an international financial elite, using superficial economic and "human rights" differences to bend nations to their will.

Calling New Zealand backwards? I mean come on... Can you give me any decent reason for calling them as such?

[KanadaHye]

Re: Armine Yalnizyan, severity of recession in Canada

New Zealand does not have a "Developed" or Advanced Economy by IMF terms per capita. New Zealand's per capita is only $22,481.271 by 2014.

While Croatia's Per Capita will be $17,000 Nominal by 2014, Romania's Per Capita $16,400 by 2014, Poland's Per Capita $22,500 by 2014. Hungary as will have overtaken New Zealand's per capita by 2014 by a considerable margin, most of the EU CE States will have overtaken New Zealand's very low per capita by 2014. My country Canada will be far richer than New Zealand more than 2x. Our per capita will be $43,137.101

New Zealand certainly does not have a First World Per Capita/Economy far from it.

No wonder it sounds like that New Zealand cannot feed their own people as from the comment you said.

I believe that economic fact is not the true sign of a Developed Country far from being a wealthy country in fact.

I have heard from some of my friends that have been to New Zealand that the country is not wealthy and quite seemingly backwards.

Hey John, do you realize that "recession" results in a loss of wealth, increasing inflation and interest rate hikes?

[hipeter924]

Re: Armine Yalnizyan, severity of recession in Canada

I don't respond to racism...which I assure you that comment was. I never put down any country (even Turkey and Azeri's have some art and architecture, and a good economy even if it all is just copied or taken). I think its disgusting and disgraceful you do.

But I will give facts. In the 1950s NZ was on the top 10 richest nations. In 1890 it had the highest GDP in the world. Due to this we were able to have a better economy disparity wise till the 1970s when the EU joined the EEC and cut us out of their market. At the time we exported 60% of our exports to the UK.

During the 1970s onwards it got worse and worse, vast sums of money were spent in trying to ease the downturn. We ran out of cash in the 1980s which led to privatisation by the government of some SOE's, the floating of these in the market among massive foreign investment caused a stock market crash in New Zealand. We also started a free market economy here.

During the 1990s our economy began to recover, and foreign investment from Japan amongst other Asian nations helped boast the economy, and build some industry here. Also the free market reforms made our farming sectors more efficient and competitive, we exported kiwifruit and milk among other things to other countries.

By 2000s our economy was basically in heavy recovery, and we began to broaden who we trade with, eventually getting through into the Asian and middle eastern market, as well as into the US and in a small way into the EU market. Also tourism became a big thing here, there is a tourist for every two people in New Zealand.

In 2008 New Zealand signed the first free trade deal with China, currently Japan and South Korea are set to sign free trade deals with New Zealand. This will basically mean that New Zealand will have access to a market of billions of people, and a stable market to trade with. So really New Zealand only needs to try harder to make money, the potential is there. Economists are expecting a full economic recovery to begin in the later quarter of this year.

GDP (nominal) 2008 estimate
- Total 128.492 billion USD[1]
- Per capita 30,049 USD[1]

^So you are wrong. New Zealand actually has a per capita of $30,000. On par basically with Greece. NZ of course has a far lower population, we only have 4 million. Whereas Greece has 11 million. So we have the GDP per capita almost of a country basically more than twice our size.

GDP (nominal) 2008 IMF estimate
- Total $373.516 billion[3] (28th)
- Per capita $33,434[3] (26th)

According to the HDI (the indicator of how developed a nation is) New Zealand is in the same league as nations such as the UK and Germany, and has increased by 1 point so far as of 2008. But don't take my word for it, look yourself: http://en.wikipedia.org/wiki/Human_Development_Index

The reason why New Zealand cannot feed all its people because the cost of food and living is high. There is plenty of food here but not always the money to buy it, nor do we have the social security nets we used to have in the 1980s.

As for backwards that can't be further from the truth. Last time I checked NZ has developed faster internet than the UK, even if our internet is far more expensive than the UK to use.

Also our strengths are in racial equality, treatment of our minorities and the level of compensation and government initiatives which led to a Maori renaissance and the revival of their culture.

Canada, Australia and the United States have a very poor record even today of their treatment of their native people's and the compensation has been less than satisfactory, ask the Indians and Inuit's, and so forth. I don't think they are happy.

NZ is different as we have given back a lot of land to Maori, they have their own government owned TV channel, and two other privately owned ones. Also whatever party is in power we give back $100s of millions in land and money every year, NZ so far has paid billions in compensation for the crimes of the past. All the Indians, Inuits got was a few casino's and a bit of desert sometimes not even that, you stole their lands and never gave them back.

So I wouldn't get xxxxy and negative. When you treat your native people with respect and dignity you can come and talk to me...till then your a racist. You would do well as a Canadian to show more respect to other countries, and be as tolerant as some of your countrymen. There are Canadians here that love New Zealand and its people, just because you hate us doesn't mean we don't have rights to be treated with dignity. I am glad you don't represent Canada because you are a disgrace to your country. I am just glad there are Canadians out there more respectful and loving than you.

All I can do is give you this link and hope you will change: http://www.mfat.govt.nz/Countries/No...ica/Canada.php