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NDP leadership candidates ducking debate on capitalism

Heading into the final weeks of the NDP leadership race, the candidates still have not debated the most important challenge facing society -- the destructive force of modern-day capitalism.

How can a political party that calls itself “social democratic”, or even “progressive”, have a leadership campaign go on for several weeks without candidates – as far as I can determine – discussing the damaging force that capitalism has become?

At Davos last month, heads of think tanks and corporations called for the revamping of capitalism because of the destruction the system has wrought.

Even the normally mild-mannered monthly Toronto Life had freelance journalist Jason McBride do a hatchet job on dysfunctional capitalism in its March issue in an article entitled Something Rotten on Bay Street.

McBride interviewed prominent economist Roger Martin, Dean of University of Toronto’s Rotman School of Management and author of Fixing the Game.

Writes McBride: “Martin is a great believer in business as ‘an agent of positive change,’ but he argues that business has failed, spectacularly, to fulfill this role, largely because of its misplaced faith in erroneous economic theory: specifically, that the primary purpose of any corporation should be the maximization of shareholder value.”

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