Comment 74993

By A Smith (anonymous) | Posted March 04, 2012 at 14:55:11 in reply to Comment 74848

>> take the lower living standards and working conditions with a smile

From 2002-11, Canadian households increased their net debt by $349.3 billion.

In that same period of time, Canadian corporations have ran a collective surplus of $521.6 billion.

Here are the years, since 1961, that Canadian corporations have run surpluses.

1962
1963
1985
1993
1994
1995
1996
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011

In the past two decades, corporations have gone from being net borrowers, to net lenders of capital. In other words, the economic power has shifted from workers to owners.

Furthermore, real GDP has not improved during this period of higher corporate profits.

Permalink | Context

Events Calendar

Recent Articles

Article Archives

Blog Archives

Site Tools

Feeds