—_~ Ff le ein i ie

= “November 30,1 197 7. North Shere News |
ZITAT

_ One of the “love principles’ taught by my. y friend —

‘Hayden Stewart is to perceive problems as

opportunities. Hayden. teaches the principles as‘a ~
guide for individuals in’ the conduct of their
personal lives, but I think ‘that this adage, at least, ON
has an application: that i is. far larger: | The meaning ° i cture
of this. idea, : applied | to. -Canada, could ‘have /e into 0.

; far-reaching and beneficial results.

We are entering the latter
part of the ’70’s. and: the —
problems. facing Canada -:
‘seem to be everywhere. ‘We
have . increasing ‘inflation,
. rising unemployment, unac-
ceptable levels of foreign’
ownership, antiquated trade
union practises, and, last but -
not least,a government that |
can best be characterized as |
inept.-Our civil service is one |
of the largest, per capita, in

the world, and: one of the |

best paid. Our. civil ‘servants
. create: little. ‘but red tape and.
“expense, draw indexed .
salaries and pensions and the

- rest of the taxpayers scramb-—

le. to cope with the rising cost |
- OF ‘everything.

The - answers — ‘that ae
government -come- up. with °

are short-term and expens-—
ive. For instance, we are now.
_ going to witness the building
ofa pipeline that. will end up.
=. ‘pumping: out’
dwindling ¢ oil resources: ‘This -

’ gargantuan project will’ emp-_

loy. thousands of: people i in‘a..
_ Short-term ‘answer’ that can
only add ‘to our inflationary —
rate. The bad political, social .
and environmental aspects of
the pipeline — have. been.
ignored . by the. fools in
‘Ottawa in their rush to pull |
the traditional: levers of
economic ‘management. |

EVERYTHING i TAKES |

Yet all the. keys are here

for Canada to be a‘ strong,
healthy and free country. We

have everything it takes -
resources; “manpower — and
market:'-"to.“build..a strong.
internal economy. Yet. ‘the
opportunity. goes ‘unexplored
while the. politicians’ fiddle
and the, country burns. Every ©
day that. goes by sees our
chance evaporate . and . our
control of our own destiny.
diminish, and all | because, we

VERIFIED ‘CIRCULATION 47,001 ,
1139 Lonsdale ‘Avenue, North Vancouver, B. C.V7™M 24 q
-. The needs are here, the

- markets.

. Canada. so

fare perceiving problems and id

» Mot opportunities.

anything. The current .feder-
al thinking

instance, we are too small a

country to defend ourselves, |

so let’s let the Americans do

that. We are too stupid to—
_ develop our own industrial ~~
‘processes, ‘so. let’s sell out.

_our inventors and innovators
‘to other countries at the

earliest possible opportunity.

_ And our market is far too.

- small to become economical-
moe dy viable, so-we let our

manufacturing industries.

“stagnate and die while the

politicians. line us. up~ a.
North-South market concept
that leaves us with rising

“unemployment, a dreadful
balance of payments problem —

and country where Canadian
initiative “is penalized. and
foreign trading delegations

: welcomed with. red i carpets. —

‘to a recent study, is for a

country «to have :. eleven |
million people. ‘With eleven
million people a country can .
develop a healthy manufac-.
turing .and_. industrial base .

that. doesn’ t require ‘foreign

port a healthy and viable
economy. We have twenty-

three. million «people in
Canada.’ And all they can do
in Ottawa is: bieat- about the
traditional. role of Canadians

“as -hewers. of:
‘drawers of water, while the.
civil service swells to soak up|
the: extra’ money °. being:

wood | and.

printed | by" the “Bank of

. government. It prints money.
Nearly. everyone: has" -seen

* money. What. most: people:

For. years Canadians. have

- been treated to the condes- .
_cending attitude of those in
“power that Canada is too
_ small a country to do much of |

be varied. In other: words,

_and ‘they always .:do. . The’
‘is that, for.

.to cope with. inflation by
. reducing the money supply.

re oa ee othe — result.
The. ideal size, according

In other words.
eleven million people area
big enough market to sup-.

"BURNING, PRINTING

The Bank of Canada i is the
“financial: lever of the: ‘federal

. the “mint, . “where.
yards stand ‘over stacks of
bundiesof crisp new paper

don’t realize is that the rat
of burning and ‘printing can:

the government ‘can. print
more money than they burn,:

‘government of Canada. has
for years been creating more
‘new paper money than they”
have been burning. ‘Until just.
recently the money. ‘supply
has been expanding ‘at about:
20 % per. year. The. current
expansion is about 13% per.
year, as the government tries.

“In. the same period, the
gross national product - the:

total amount of goods prod-
-uced in Canada.- has stayed

almost . dormant. If. one.
adjusts the figures to: reflect |
inflation it is obvious that the
amount of goods produced in

Canada is declining each

month and’ each year. The
result: ‘is that we have more.

‘and. more’ money. chasing

fewer. and fewer, goods, and
“inevitable

: inflation. Think about it.

ion. of the money supply in
the hope that a reduction in

the amount of money _ avail-

able will reduce the costs of
-products and thereby: reduce
the. inflationary rate. This
model of. ; ;economic reality
refuses to recognize that the
price of goods almost. never
goes. down, We have high

notice things getting any
cheaper? , Manufacturers,
locked in to material cont-
tracts and labour agreements
simply cannot reduce the

_ price of goods. that readily.

One sure side effect of the

_ reduction of the money
— supply - massive unemploy-

ment - seems not to matter

much to the mandoarins. After.

‘fall, who ever heard of an

OFFICE/NEWS: (604) 980-0511:
CLASSIFIED: 980-3464 CIRCULATION: 986-1337.

‘| Publisher Peter Speck whe

ie Aasociate Poblisher Bob Graham /Edlier-in-Chlot
Noel. Wright/News Guillermo ‘Lam/Photos Elis. |
worth Dickson/Production Marna. Leiren/Advertis-
ing Kristi Vidler/Clasctited ‘Berni Hilliard/Clrcala- |

tion, Yvonne Chapman/Administration | Barbara
Haywood/Accounts Sylvia Sorerisen.

North Shore News, funded in 1969 ‘as an
independent community) si¢wspaper and>.

qualified under “Schedule 111;

art 111;

Paragraph 111 of the Excise Tox: Act, is
published ‘cach Wednesday by the North.
Shore Free Press Ltd. and distributed to every: |
‘door on the North ‘Shore.

Second Class Mall Registration Number 3885. |
ENTIRE CONTENTS COPYRIGHT © 1977 NORTH %

_ SHORE FREE. PRESS LTD, All rights reserved.

: leads to nowhere, .
' decaying environments, van- -
... ishing wildlife. and a polluted.

unemployed civil servant?
WORLD LEADERS |

We can: build a sound

/.. €conomy, and’ we can get

Canadians back to work. The
ingredients are all around us.

market is’ here,
materials are here.:-We have
railroads that run from coast
to coast, huge supplies of

: raw materials...and power, « §
* and millions‘of- educated and ° -

intelligent:men’ and women

ingful things to do with their

i lives, while they perceivethe

country around them - and
the world - on a road that

with

planet.
ntiful, Canadian

are immehse.

r own prints from slides, ame
ved quickly the Sibachrome way. You'll -
be amazed at the sharpness and ¢ colour _
fidelity — but why not see for _
yourself

| ‘The: government. is now
“reducing the rate of expans-

unemployment now. Do you -

mg Choose your own tire. All tire

and the .. a and loaded In our v display. truck,

who are searching: for mean-

‘The opportunities are ple- .

: industries."
1’ can Satisfy Canadian markets
“cand the export We can’ be = f-:
e can be _ we

_ CONTINUED ON PAGE 24 |

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