TORONTO (November 17, 1991) - In a Toronto Sun news article titled 'Bound for the Third World?', U.S. economist Walter Block, formerly with the Vancouver-based Fraser Institute, warned Canadians that if their governments continue the trends established by the three major socialist parties (Conservative, Liberal, and New Democratic), Canada will surely fall into third world status.
Block compared Canada's political and economic dilemma to that of the Soviet Union - rich in human and natural resources, but depressed by runaway socialism.
"The Libertarian Party, the Freedom Party, and the Reform Party are the last, best hopes for Canada," he said. If health, education, transport, and welfare were privatized, argued Block, the government's bite of the GNP would fall from 52% to a mere 5%.
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last updated on April 28, 2002
