[EMAIL PROTECTED] wrote: >I confess that I think that the NBER paper that Doug brought to our >attention might be on to something. I remember a time almost 20 years ago >that I visited Toronto for the first time. I did not see much poverty. >The city seemed very well run. Maybe I was naive, but it seemed a stark >contrast from the US. > >I recall reading some papers around that time about the kind of >concentrated ownership that Canada had. It seemed that the Canadian >capitalists were far more enlightened that the U.S. capitalists. Canada >seemed to evoke the Business Week version of capitalism rather than the >more Hobbesian Wall Street Journal version. Here's an idea - social democracy is more compatible with "monopolized" ownership structures than most social democrats would like to admit, and is undermined by U.S.-style financial and corporate governance arrangements. It's probably very difficult for U.S. social dems to admit to this, given this country's love of small business and populist, anti-centralizing political traditions. Doug
