StFX Hosts Former Deputy Premier and Current Cape Breton-Canso-Antigonish Federal Conservative Candidate Allan MacMaster for Discussion: Where Are We Going Next in Canada?
/For transparency's sake, I am a member of the XPCs.
On Tuesday March 18th, the StFX Political Science Society sponsored an address by former deputy premier and current federal Conservative Party of Canada candidate Allan MacMaster at Mulroney Hall, promoted by the Xaverian Progressive Conservatives. It boasted a full classroom of around 45 attendees including members of the town, county, and student body. The Cape Breton native opened with a speech then transitioned into a question period.
He began by stating that during his time working for the Bank of Montreal, they would look to whether a stock market was being driven by fear or greed. Today, he said, the markets are driven by fear.
MacMaster reiterated worries many Canadians have about the United States' aggressive tariffs threatening to stagnate an economy that is already struggling, but also noted the opportunity that has arisen for us to take a step back and ask ourselves if free trade is really working for the Canadian people in the best way it can.
Early on in his speech he begged the question, does free, globalization of trade always make our lives better? He noted how it leads to cheaper, more disposable goods that negatively impact the environment, not to mention the pocketbooks of those who have to purchase them again and again. Planned obsolescence was a constant theme.
MacMaster emphasized that the growing push to buy local was our chance to create a market reaction that could encourage businesses to start producing in Canada, but that the government has a place in setting the standard. Some interesting ideas that he suggested from a regulation perspective were minimum lifespans for consumer goods, and something like a right to fix your own products, referencing the fact that Samsung stops manufacturing parts for some of its products only a few years after release, forcing you to buy an entirely new product.
However, the former Inverness MLA insisted that localization only works if we produce high quality products. In response to a question on whether it was feasible to bring industry to a relatively unproductive province like Nova Scotia, he acknowledged that investment is crucial to improving productivity. It’s not that Nova Scotian’s are any less hard working, they just aren’t equipped to produce at the same level as their American counterparts.
After taking a question about the future of the economy from a student, MacMaster related it to similar concerns people had in the 80’s when interest rates were upwards of 20%. Eventually things cooled down and the economy got better. His advice for students was this: focus on your studies, get a job you enjoy, start making money and put a little aside if you can. In 5 years, you might be looking at a very different world.