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The Minister of Finance Paul Martin announced that Canada had a record a surplus of 29 billion their promises of tax relief have been executed and the unemployment rates has fallen to 75 per cent its lowest level in more than nine years Finance Canada The costs of this good news are the budget cut of the federal government on social welfare programs in recently years Hospital rejected to accept new patients Toronto High Schools was shut down Homeless people sleep outdoors Is the monetary policy that Mike Harris exercising harms the people The aim of this article is to look at historical reason of Canada being a welfare state and being changed to a more capitalistic society The era of Keynesian Welfare State KWS and contemporary Neo Liberalism and the effects of Mike Harris government policy will be discussed In 1878 McDonald national policy was introduced McDonald introduced a set of import tariffs to protect the domestic market This policy became the diving force of Canadian economy until 1930s with the problems of the great depression world economic crisis and government deficit In 1936 John Maynard Keynes published his book The General Theory of Employment Interest and Money He argued that a depression was a short run phenomenon because of a lack of demand If the government could inject money to the private sector the private sector would be better off and spending money and the government could collect tax It has been called as demand-management policy The crises were solved by the breakout of the Second World War WWII in 1937 After WWII many governments including Canada UK and US pursued Keynesian demand-management policy On the level of production in 1940s Henry Ford decided to bring a new method of production assembly line production with a 5 dollars day policy His idea was to create a new type of workers who could afford to own
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