While we reflect on the concepts brought forth by the Occupy movement, namely that the many are ill-served by the control exerted by the few, we should also consider the role that our own government is playing in the world.
I have written extensively on the shame our government has brought to our name internationally by its unrepentant support of the export of asbestos to developing countries, going so far as to prevent it even being listed as a toxic substance under the Rotterdam Convention's Annex 111 classification.
Equally shameful is the obstructionist role Canada is playing at this weekend's pre-G20 meeting, when it tries to thwart a European proposal to add a minuscule tax on financial transactions that would yields billions in revenue to cash-strapped nations in Europe. In Canada, such a tax could generate more than $3.7 billion annually.
The proposal that our Finance Minister Jim Flaherty finds so threatening is as follows:
...a tiny tax of 0.1 per cent ($1 per $1,000) on transactions of stocks or bonds and only 0.001 per cent (1 cent per $1,000) on transactions of financial derivatives.
So a stock trade of $100,000 would cost an additional $100. Who is threatened by this?
And this isn't the first time the Harper government has worked against the interests of the majority. Prior to the 2010 Toronto G20 summit, he and his cabinet minister colleagues embarked on an international campaign to scuttle an IMF proposal for a levy on banks. As a result, the agreement by G20 leaders at the 2009 Pittsburgh summit to have the financial industry make a “fair and substantial contribution” for the costs of the crisis remains
unfulfilled.
Now what is it again that the Occupation movement has been saying about the 1%?
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