It was only a few weeks ago when I wrote a blog about the problem in London, Ontario and its dealing with Caterpillar. This company bought the GE plant where diesel-electric locomotives are built. Over 500 men worked there. When Caterpillar bought the plant it had a plan. Firstly they offered the workers a contract whereby their wages would be cut in half. There was little opportunity for the men to discuss this radical offer. It was rejected and the company locked out the workers.
Some weeks later the company closed the plant and announced that the work would be done in a plant in the USA. The company had no notion of using the Canadian plant but wanted to get their hands on the equipment upgraded by money from the Canadian Government to make it a world class operation. The intellectual property connected to this plant was worth billions and now it all goes away and the workers are left with no hope for the plant to be operational ......ever.
Where Canadian Taxpayers money is used in supporting industries to become competitive on the world stage there should be some terms for security of the intellectual property and jobs created as a result of same. I feel for the workers but see this happening again as it did with Nortel where valuable intellectual property through patents wee sold for a fraction of their true value. We lost not only a major company but the world class patents to our competitors.
Watch for the next big sellout to the internationals who will soon control the tremendous Canadian resource ,the Oil Patch. Our government is not protecting our interests. The short term gain for long term pain will be the call in the near future. Watch China, India and Asian money soon control much of our natural resources. The pipeline debate is just starting the big shift to the internationals and we all know who will benefit that. It will not be the Canadian People in the long run.
Our Prime Minister is now in China for a photo op and will leave that country with secret commitments which will place the oil market in a position where we the local consumers will pay more while we begin our give aways to the very rich multinationals.
It is time for Canada and the USA to stop their expensive support for the already rich oil companies and consider their own taxpayers and needed services for a better life of our middle and low income families.
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