Juno News - How dangerous is ＂democratic socialism＂？

00:00:00.080 let's get back to this question how socialist is canada we've seen our political spectrum is

00:00:05.040 moving to the left but this doesn't answer the question so how do we measure how socialist the

00:00:10.320 country has actually become well the mcdonald laurier institute put out a really cool graphic

00:00:15.600 a few years back looking to answer this exact question now as a caveat this data was released

00:00:21.120 before justin trudeau became prime minister so take that with a grain of salt that said the

00:00:26.720 mcdonald laurier institute found that the size of government in canada was around 44 but that's only

00:00:34.080 when you look at government spending and of course the size of government it gets a little complicated

00:00:39.120 but it's actually much bigger than that so they point out that measuring the size of government

00:00:43.600 really should include things like tax expenditures or price regulation because for example the price

00:00:49.840 of supply management or the cost rather incurred by canadians by our supply management program which

00:00:55.200 is obviously government run could run around 600 per year but that's not reflected in government

00:01:00.880 spending so you have to factor that in another way so when you include all of these factors a much more

00:01:06.720 accurate representation of the size of government in canada is 64 of gdp in other words the government

00:01:14.080 controlled 64 of our economy and keep in mind that number's from before trudeau took over now why does

00:01:21.120 size of government matter well as the fraser institute reports the size of government relative to a

00:01:26.480 country's economy actually has an impact on economic growth and social progress so the ideal size for

00:01:34.960 government spending would be somewhere between 26 to 30 percent of gdp as we pointed out at the beginning

00:01:42.320 before trudeau came into office canada was around 44 so already what we know what we can conclude

00:01:48.400 is that government in canada is way too big already i mean think of all the areas where the canadian

00:01:53.760 government interferes in the market obviously canada's socialized healthcare and education

00:01:58.320 systems are top of mind because they're the most expensive items but think of these other places

00:02:02.960 where the government interferes nationalized child care programs provincial liquor boards and hydro

00:02:08.160 corporations canada post the media including our state-sponsored broadcaster cdc and of course the media

00:02:15.520 bailout of hundreds of millions of dollars the trans mountain pipeline which trio bought from

00:02:20.800 kinder morgan for 4.5 billion back in 2018 via rail auto sector bailouts many of which have still not

00:02:28.480 been repaid and ongoing corporate welfare not only to the automotive sector but to various favored

00:02:34.560 companies in this country and those were just a few literally off the top of my head that i thought of

00:02:39.440 but there are a lot more so it's no wonder that when you start adding all of these things up

00:02:43.760 you start to realize how government quickly becomes 64 of our economy

Juno News - September 26, 2022