I thoroughly enjoy all this "free markets" and "capitalism" failed rhetoric.
One need only look at Quebec to boot this assertion onto the side line.
Quebec is quite possibly the most statist, liberal jurisdiction on the continent. California may give it a run for its money but I don't think they even have what Little Scandinavia has.
Quebec is a tower of "progressive" welfarism. Yet, for all our energies poured into the collective good, we lag on so many elementary levels when measured against other provinces. Poor high school graduation rates, poor health, high taxes and unemployment, low productivity, high debts and deficits, gambling and alcohol firmly entrenched with the state, etc. Not to say nothing of language laws that wouldn't pass muster anywhere else in North America. Unique indeed.
Do we have anything to show for it? Have we imparted anything other places may want to emulate?
Quebec's serious economic and social ills can't be pinned on "failed markets" or "banksters" because Quebec never had an enterprising outlook; except for the period when the English-Scots controlled St. James street. Quebec's mentality isn't about competition and innovation. It's about monopoly and and preservation.
It has never had a "free" market business model. It clearly doesn't embrace business nor does it view its citizens as assets (as I mentioned in past posts). Quebec went from colonial, to serving the Catholic church, and then in the hands of demagogues to eventually supporting labor-leaning parties. It ostensibly possesses a social-democracy but it behaves more like New York under Boss Tweed and Louisiana under Huey Long.
Whoopee-doo - horror - that a party Pour L'avenir du Quebec (a right-leaning party) emerged.
Pin our troubles on whatever you like, but it sure is hell not because of unhinged capitalism gone awry.
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