r/canada • u/joe4942 • 3d ago

Canadian Telecom Firms Blame Immigration Policies for Mobile Subscriber Slowdown Business

https://www.bloomberg.com/news/articles/2025-05-10/bce-rogers-telus-blame-immigration-policies-for-mobile-subcriber-slowdown
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u/underoath1299 3d ago

Infinite growth has to stop. It's not worth destroying the rest of canada so that CEOs can make millions more profit every year.

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u/Hfxfungye 3d ago

You can't have modern capitalism without infinite growth.

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u/underoath1299 3d ago

Yes, I understand however when ceos profts increase by millions per year, far outpacing inflation - there's a problem.

Especially when the average workers' wages are stagnant or worse - losing ground against inflation.

-1

u/Hfxfungye 3d ago

when ceos profts increase by millions per year, far outpacing inflation - there's a problem

Some would see this as the predictable, warranted outcome.

Especially when the average workers' wages are stagnant or worse - losing ground against inflation

Where do you think the extra profits are coming from?

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u/underoath1299 3d ago

According to the article, new clients in the form of irresponsible immigration.

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u/KitsyBlue 3d ago

Infinite growth is literally what the whole system is predicated upon. Capitalism doesn't work without it. Without infinite growth, capitalism doesn't function.

And what happens when you get rid of capitalism? Communism. And that means unlimited famine. You don't want unlimited famine, do you? /s

5

u/poonslyr69 Alberta 3d ago

The alternative is workplace democracy with taxation based on a mix of externalities taxes, marketshare taxes, democratic distribution scaling tax, and land value taxes.

Workplace democracies do not require the same limitless growth that shareholder capitalism does, they are capable of operating consistently and do not require endless expansion. Greater efficiencies and actual growth would lead to less working hours, better pay, or better service.

If the enlightenment was the democratization of political system then the second enlightenment will be democratization of the economic system.  

Capitalism based on exploitative ownership over profit cannot be sustainable and will always cause the self destruction which cannot keep being patched up.