Provincial Economies and Financial Crisis

private sectors: This 50-year-old approach has created the most bloated public sectors in the developed world, larger than Greece before its financial crisis, according to The Chronicle Herald. It has also created provincial economies with astonishingly weak private sectors that are dependent on continuing subsidies from other Canadians for anything approaching normal North American standards of living. The risk is that the region could continue with its habit of constantly seeking more funding from other Canadian taxpayers to address local problems. Nova Scotians are subsidized by other Canadians by about $5,000 per person per year in equalization and all the other ways federal governments have subsidized particular regions. Despite this policy failure, it is possible that the new federal government will continue with current arrangements and indeed enhance them. The corresponding figures for the other Atlantic provinces are less but still substantial. (www.immigrantscanada.com). As reported in the news.