this post was submitted on 15 Apr 2025
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It didn't really help Europe. I think the pendulum swing left and right over time is from loose money and cheap debt. When rates rise people vote right, then they vote left for unfunded spending, and the cycle continues. But that's just my estimation of what's going on.
Explain how the Doug Ford victory falls under this with his $400M spent on rushing the beer in grocery stores policy instead of waiting 6 months and getting it for free, or the proposed $800B highway tunnel under the 417 (which would likely be over 1T). I suppose I just don't see the left being the party of unfunded spending, because I don't think he's going to make the profits from this just by selling Ontario Place.
Well that's true, I guess its through a US lens, who can't run those state deficits.
But they bleed over to us, and we tend to follow the same path they do.
I agree, we have that problem in more ways than one.
Are you sure? The top 5 countries rated on their democracy index are consistently PR systems.
https://ourworldindata.org/grapher/democracy-index-eiu?tab=table