Canadians should not be held accountable for the government’s spending, by contributing more to the Canadian Pension Plan. It is clear based on the downfalls of central planning that what Canada needs are private pension plans.
Last spring the Frontier Centre invited a union leader from Indianapolis to visit Winnipeg, to speak on that city’s policy of “managed competition”. Stephan Fantauzzo is Executive Director of Council 62, American Federation of State, County and Municipal Employees, and represents civic workers at the City of Indianapolis.
It should be noted that the best, most effective reform for the CPP would be to have a privately-owned pension system.
Canada should consider privatizing its struggling state pension edifice, something that Mexico has recently done.
In 1989, scholar Francis Fukuyama wrote what was to become a famous essay, “The End of History”. In it, he held that the collapse of the Soviet Union and its central planning model proved once and for all the superiority of the open market economy model.
How Indianapolis unionized city workers thrived in a competitive delivery model