By Joe Fantauzzi@jjfantauzzi Global capitalism has liberalized incrementally since the end of the Second World War. As the Keynesian welfare state fell out of favour in the late 1970s amid a stagnating economy and rising government spending, a new business-friendly approach dubbed neoliberalism (literally, “new liberalism”), emerged and ushered in an epoch of devotion to market principles as the solution to what ails Ontario both economically and socially. The implementation of the Canada-US Trade Agreement in 1987[1], North American Free Trade Agreement in 1994[2]and the creation of the World Trade Organization in 1995[3] were (Read more…)
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