CMNS 240 Chapter 5-1: Canada’s transformation under neoliberalism
19 Oct 2016
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Document Summary
Even before that transformation began, canada was hardly a model of inclusion, equality, and democracy. Living standards were improving quickly for most fueled by rising real wages (which doubled in a generation) and a dramatic expansion of the social wage (including the introduction of national medicare, unemployment insurance, and the. Canada pension plan within six remarkable years, from 1965 through 1971) This expansionary postwar golden age eventually ran up against its own internal limits and contradictions. As in other advanced capitalist countries, the happy recipe of strong profits and business investment, rising living standards, and keynesian welfare-state fine-tuning, began to disintegrate. As workers were empowered by long-run employment and income security, their expectations would grow, sparking increasing conflict with the interests of capitalist employers in maintaining a compliant, disciplined, low-cost workforce. A confident working class won a larger and larger share of the economic pie.
