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Lecture

STAPLES - Future of Work

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Department
Social Science
Course
SOSC 1510
Professor
David Langille
Semester
Fall

Description
Lecture PowerPoint  With guest Jim Stanford, Research Director, CAW­Canada, Phd in Economics from the New School for  Social Research, Author of author of Paper Boom and Economics for Everyone  PUSHING FOR POLITICAL & POLICY CHANGE :    INDUSTRIAL POLICY TO CREATE MORE & BETTER JOBS  What are staples? • Natural resource­based products. • Production for export. • Exported in unprocessed or barely­processed form. • Sold to more advanced trading partners, in return for manufactured inputs. • Examples: fish, fur, timber, wheat, minerals, forestry products, energy, bitumen. What’s wrong with staples? • Volatile prices. • Resources eventually run out. • Loss of value­added jobs (which now are located abroad). • Very heavy capital & infrastructure needs. • Disproportionate reliance on foreign capital. • Disproportionate political influence. • Severe environmental costs. Staples trap • A business invests in huge infrastructure for staples export. • Centralized, influential corporations. • Companies must get investments back. • Urge to extract more resource, more quickly. • Other industries are ignored. o As is the broader economy’s general innovative capacity. • Cumulative causation: staples beget staples The environmental dimension • We must become more aware of economy’s impact on the environment. • Staples production (resource extraction) has severe environmental impacts: o Localized damage o Resource depletion o Emissions / climate change • Bitumen: o Far more polluting form of fossil fuel o Accounts for over 100% of Cana
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