The socialist New Democratic Party was in power in British Columbia in the 1990’s, during one of the western world’s longest and greatest economic booms in history.
The BC economy reacted by dropping like a rock thrown off a cliff.
While the economy of BC’s neighbor and chief buyer of BC’s exports and arch nemesis of the left, the United States, as well as the economies of the other Canadian provinces and its other main customers, Europe and China, were booming like never before in history, BC’s economy proceeded to collapse under the weight of high taxes, moribund productivity, government labor union demands for wacked-out wages tied inextricably with a union-controlled and politically acquiescent government, a general lack of entrepreneurial spirit under a government determined to compete against its own citizens in business, and lack of investment from inside and out among the private sector.
Gee I wonder why.
Editor’s note: The link to the rest of this article has been rendered useless by a software update which failed in its promise to preserve such things. Definitely not an operator error.
PTBC was founded by Mr. Johannesen in 2000.
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