Businesses in Canada Essays - Economic Ideologies, Economic Systems

Businesses in Canada Technological changes today, and in the near future, will be the greatest influence on Business as we know it. With the development of computers and robots, the requirements for many industries will fill up extremely quickly. By having machines to perform complex and monotonous operations by humans, industries will seek out their aid and most likely affect the emplyoment rate both ways. There is no question that many individuals will lose their jobs but at the same time new options will arise. An example would be the development of the Telstat Telecommunications satellite which opened the door for many unemployed citizens who possessed the key ingredient to hold down such a job. This ingredient would be based upon Toffler's thesis that information is the most valuable aspect our lives and that wealth is insignificant compared to the rewards of knowledge. There is an abudance of positions available to Canadians that cannot be completed by computers (at least, for the time being) and therefore, our standard of living and quality of life will not be depleted. Technology will either be the blessing or curse for society in the future, and depending on the position of our government, will we be able to make sure that our standard of living does not decrease. The deficit poses a severe problem in a country littered will such vast natural resources and a high education level in its populace. The presence of inflation in the cost of goods will not profit private businesses if they are unable to compete with the demand from the public. With major corporations seeking to gain from an increase in expenditures, it would become vital for a private business to take advantage of the situation by lowering their prices to accomodate the flow of income. At the same token, it is important for private business to avoid depleting their assets in order to maintain a steady flow of provisions. Without maintaining a close look at the whole commerce situation in the country, it is doubtful that the private business will be able to cope in the vast competitive market. The political system in Canada will eventually decide the fate of business in the country. Since Canada is under the philosophy pertaining to Democratic Socialism, it seems unlikely that a significant change will occur in the next few decades. Our capitalisitic roots will help us stay competitive and the market will flourish. The current party in power (Tories) will aid the increasing competition if they can maintain their position, however this seems unlikely as the New Democratic Party are more concerned with the welfare of the people in general (therefore, more socialistic). I believe that Business in the Canadian environment is escalating at a rate that will eventually see our products of Technology forcing us out of an occupation. By the year 2000, with an ominous deficit and pestering recession still taking its toll, major companies and corporation will find themselves replacing the knowledge and education a person with the consistency and accuracy of a machine. This will cause the unemployment rate to soar, our welfare situation to worsen and our quality of live to regress. I believe that unless our government can 'Grab the bull by the horns' and solidify our political and economic situation, this country will fall into a scenario that will see our valuable socialism crumble beneath our feet.