jerryking + historians + michael_bliss   3

Acclaimed Canadian historian, author Michael Bliss dies at 76 - The Globe and Mail
TORONTO — The Canadian Press
Published Thursday, May 18, 2017

Bliss authored 14 books on business, politics, and medicine, was an Officer of the Order of Canada, a Fellow of the Royal Society of Canada, and a member of the Canadian Medical Hall of Fame.

When Bliss was inducted into the Medical Hall of Fame in 2016, Canadian Museum of History president Mark O’Neill called him “one of Canada’s leading intellectuals and historians.”

“Michael Bliss brings a wealth of knowledge to Canada and the world,” O’Neill said.
Canadian  historians  authors  writers  obituaries  uToronto  Michael_Bliss 
may 2017 by jerryking
Canada beware: We are suffering a great depression in commodity prices - The Globe and Mail
MICHAEL BLISS
Special to The Globe and Mail
Published Friday, Jan. 15, 2016

The Great Depression of the 1930s used to be understood as a worldwide structural crisis that was partly an adjustment to the great expansion of crop acreage and other primary industries undertaken to meet the demands of the First World War. Unfortunately the history of those years now tends to be viewed through the distorting lenses of economists fixated on monetary policy and financial crisis management.

They thought that the crisis of 2008 might become a replay of the 1930s. For the most part they have not realized that it is today’s global depression in commodity prices that has eerie echoes of the great crack-up. If it’s true that we have overexpanded our productive capacity to meet the demands of Chinese growth, and if that growth is now going to slow, or even cease, then history is worrisomely on the verge of repeating itself....One sign of the beginning of wisdom is to be able to shed illusions. Make no mistake. Right now, the world is experiencing a great depression in commodity prices, led by the collapse of oil, that represents an enormous shrinkage in the valuation of our wealth. As a country whose wealth is still highly dependent on the returns we can get from selling our natural resources, Canada is very vulnerable. In a time of price depression, our wealth bleeds away.
'30s  adjustments  commodities  commodities_supercycle  economic_downturn  Great_Depression  historians  history  illusions  Michael_Bliss  natural_resources  overcapacity  pricing  overexpansion  slow_growth  wisdom  WWI 
january 2016 by jerryking

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