The 38th Central Convention of our Party follows a major political upheaval in the recent federal election, and a new escalation of the global economic crisis which emerged in 2007-08. Initially, the Canadian economy was buffered to some degree by exports of fossil fuels and other natural resources, and because Canada’s megabanks were somewhat less exposed to the collapse in value of leveraged (re-packaged) debt. Now, the dramatic collapse in energy prices and the Canadian dollar are causing new job losses and rapid increases in the cost of imported products. The working class is paying a heavy cost for the turmoil of the capitalist system.
Commentary by Darrell Rankin, leader of the CPC Manitoba
Manitobans will go to the polls on April 19 at a time of growing uncertainty and widespread impoverishment of workers.
Polls show that the New Democratic Party government is unpopular, in third place after the Tories and Liberals. The reason is not so hard to find. Working people have endured a slow decline in their prospects. The last election took place in 2011, soon after the 2008 economic crisis. Four years later, workers are less hopeful about a recovery, finding a good job, or retiring in dignity. Working people do not want more of the same. But the three main parties all uphold the interests of big business. They rely on more of the same. These parties emphasize different aspects of neoliberal economic orthodoxy designed to protect corporate profits, such as the size of government, tax policy, and balancing the budget.