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Discussion: The Canadian Federal Election – An Overview, Local And National
Election Fever? Not.
Does Green Party Leader Elizabeth May Belong In The Leadership Debates?
Taxes, The Economy And Other Minor Issues
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The Forest City Institute:
Civic Governance In The City Of London, Ontario
PLEASE NOTE: Due to a technical difficulty with the broadcast server approximately 2 minutes of the program was not archived.
Money fascinates and frustrates in equal measure. With the Canadian dollar hovering at par against its American counterpart, conversations turn to exchange rates, yet few pause to question the deeper nature of this everyday abstraction. Why accept a piece of paper or a digital entry in exchange for real goods and services? The theme emerges clearly: money reveals far more about morality and freedom than mere pricing.
Three paths exist to acquire anything in life—by gift, by earning through voluntary trade, or by taking without consent, which amounts to theft by force or fraud. Politics often disguises the third as virtue, labeling wealth redistribution as equity while condemning the same act in private life as criminal.
Government compulsion in transactions denies consent, eroding the moral foundation of exchange. Voluntary trades create win-win outcomes, where both parties value what they receive more than what they give up, increasing overall wealth through mutual benefit. Forced exchanges, common in state spending, depreciate value and breed resentment.
Subjective value drives prices, as illustrated in everyday encounters—like a mother discovering why a rare comic book commands far more than a common one. Collectors assign worth based on desire, proving value lies not in inherent properties but in individual judgment. This principle exposes fallacies in collectivist schemes that treat wealth as a fixed pie to be sliced “fairly.” Production generates wealth; productivity, not mere hard work, elevates living standards by creating more with less effort.
Inflation confuses money with wealth itself, an illusion exploited by governments that expand credit and currency supply, eroding purchasing power—especially for those least able to hedge against it. Historical examples abound: paper currencies collapse while gold retains value across millennia. Credit creation by banks, often politically enabled, mimics counterfeiting, transferring wealth subtly but surely.
Discussions with callers highlight supply and demand in professions, the pitfalls of materialism mistaken for happiness, and the contradictions in visions of moneyless utopias like those in Star Trek. True progress stems from free markets where consent reigns, not coercion disguised as social good.
Money is Just Right as the barometer of a society’s virtue.
We observe once again how the political landscape in Ontario offers voters little more than a choice among varying degrees of statism, as the unofficial election campaign begins with Dalton McGuinty proroguing the legislature early. Parties compete not on principles of individual freedom, but on promises to expand government control over our lives and wallets—outbidding each other on subsidies, environmental mandates, and monopolies in essential services.
We note the irony: it is often the so-called conservatives who enact the most enduring leftist policies, from income taxes to health care monopolies and rent controls. True freedom requires protecting both personal and economic rights, yet no major party advocates this consistent principle. Instead, we see pragmatists in power pursuing control for its own sake, while restricting freedoms leads inevitably to less prosperity and greater tyranny.
Globalism, properly understood, means voluntary cooperation and free trade among nations, not centralized control or anti-capitalist protests at summits like the ongoing G8. Health care remains a sacred cow of statism: a government monopoly that rations care, drives patients abroad, and bans private alternatives—unique to Ontario among Western jurisdictions. Choice and competition, not compulsion, would ensure better access and quality for all.
Finally, the perennial envy of wealth ignores how capitalism creates abundance for everyone, while socialism merely redistributes poverty. The rich deserve their earnings when gained through voluntary trade, not confiscation. In all these issues, the solution remains the recognition of individual rights and free markets—just right.
On this broadcast of Just Right, we addressed several pressing issues that continue to reflect fundamental principles of economics, politics, and philosophy. We began with the perennial complaints about rising gas prices, exposing the hypocrisy of politicians who decry high prices while simultaneously advocating policies to reduce consumption. As we explained, prices reflect the immutable law of supply and demand—a natural equilibrium that politicians like Liberal MP Dan McTeague and Progressive Conservative proposals foolishly seek to manipulate through increased regulation or advance notice requirements. Such interventions only lead to shortages, rationing, and further distortions of the market.
We then turned to Canada’s mission in Afghanistan, supporting Prime Minister Harper’s commitment despite public weariness fueled by media narratives. With relatively low casualties compared to everyday risks at home, we argued that abandoning the mission prematurely would constitute defeat. Negotiating with the Taliban, as suggested by some, is absurd given their ideological intransigence.
The date also prompted reflection on our constitutional monarchy. Far from irrelevant, we contended that this institution, evolved since the Magna Carta, serves as a bulwark limiting government power and preserving individual rights—a superior safeguard compared to republics that too easily devolve into unchecked statism.
Finally, we delved deeply into the environmentalist movement, reading an prescient 1969 essay by Ayn Rand that unmasks its anti-industrial, anti-human essence. Environmentalism, we demonstrated, is not about genuine pollution control (a technological issue) but about imposing collectivist dictatorship under the guise of ecological crusade. A caller’s passionate defense of balance with nature highlighted the spiritual underpinnings of this ideology, yet underscored how it often justifies coercing others.
These discussions reaffirm that true progress lies in defending individual freedom and reason against collectivist assaults. Awareness of these connections is just right.
