https://www.policyalternatives.ca/news-research/canadas-new-sovereign-wealth-fund-is-not-exactly-what-it-seems
https://mastodon.social/@persagen/116485426041730443
confusing announcement; worrying signals about how it will be used
Wealth <--> protects <--> power
#capitalism #billionaires #inequality #IndustrialComplexes
v.
#DemocraticSocialism #equality #sustainability
Asset management
| • Asset recycling << convert public good into private asset
| | • Canada Infrastructure Bank
| | • Canada Strong Fund
🇨🇦 Sam Slick: Canada is getting a sovereign wealth fund. What are they and how might this one work?
https://www.cbc.ca/news/business/canada-sovereign-wealth-fund-explainer-9.7179217
Sovereign wealth funds are state-owned investment accounts, usually started with a country's extra money
Extra money, meh! Huge economy (9th globally, with under 42M population) yet "austerity budgets." Underfunded social programs, infrastructure, services; overpriced goods. Capitalist utopia.
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