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Venezuela opposition urges walkouts to pressure Maduro

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CARACAS, Venezuela — Opposition leader Juan Guaido is looking to ratchet up pressure on President Nicolas Maduro with walkouts across Venezuela on Wednesday, just a day after the embattled socialist administration barred Guaido from leaving the country while he is investigated for anti-government activities.

The man challenging Maduro’s claim to the presidency is urging Venezuelans to step outside their homes and workplaces for two hours beginning at noon in the first mass mobilization since he declared himself the nation’s rightful leader a week ago during another round of big protests.

“Venezuela is set on change,” Guaido said.

The surge in political manoeuvring has seen two dozen nations, including the United States and several big Latin American countries, back Guaido, and the Trump administration has imposed sanctions that could starve the already distressed nation of billions in oil revenue.

But Maduro is holding firm in refusing to step down. He oversaw military exercises in recent days while seeking to consolidate support from the armed forces and he is accusing Washington of staging a coup.

In an interview with Russia’s state-owned RIA Novosti news agency on Wednesday, Maduro said he was “willing to sit down for talks with the opposition for the sake of Venezuela’s peace and its future.” Maduro said the talks could be held with mediation of other countries. Russia is one of the staunchest supporters of Maduro and has offered to mediate.

Maduro also accused the U.S. president of ordering a hit on him from Colombia. He said he was aware of Trump’s “orders” for the Colombian government and the local mafia to kill him.

On Tuesday, the Supreme Court barred Guaido from leaving the country after chief prosecutor Tarek William Saab announced that he was opening a criminal investigation of Maduro’s foe, who heads the opposition-controlled congress. Saab is a key Maduro ally and the high court is stacked with Maduro loyalists.

“Once more we’ll come out victorious,” Maduro, dressed in a green cap and shirt, said Tuesday while standing before rows of troops. “We are on the right side of history.”

The court move came after U.S. national security adviser John Bolton warned that the Maduro government would face “serious consequences” if Guaido is harmed.

Guaido has thus far managed to avoid arrest and the Supreme Court did not strip him of his legislative immunity, though the new investigation could signal that Maduro’s administration is moving to take a more punitive approach.

Speaking Tuesday outside the National Assembly, Guaido said he was aware of personal risks.

“I don’t underestimate the threat of persecution at the moment, but here we are,” he said.

The U.S. has emerged as Guaido’s most powerful ally, announcing on Tuesday that it was giving him control of Venezuela’s U.S. bank accounts.

U.S. Secretary of State Mike Pompeo certified that Guaido has the authority to take control of any Venezuelan government accounts at the Federal Reserve Bank of New York or any other U.S.-insured banks. He said the certification would “help Venezuela’s legitimate government safeguard those assets for the benefit of the Venezuelan people.”

On Monday, the U.S. imposed sanctions on Venezuela’s state-owned oil company, Petroleos de Venezuela SA, that could potentially depriving the Maduro government of $11 billion in export revenues over the next year.

Venezuela’s economy is already ravaged by hyperinflation and widespread food and medical shortages that have driven millions of people to leave the country.

Maduro called the sanctions “criminal” and vowed to challenge the U.S. in court. “With these measures, they intend to rob us,” he said.

Violent street demonstrations erupted last week after Guaido during a huge opposition rally in Caracas declared that he had assumed presidential powers under the constitution and planned to hold fresh elections to end Maduro’s “dictatorship.”

Under Venezuela’s constitution, the head of the National Assembly is empowered to take on the duties of the chief executive under a range of circumstances in which the presidency is vacated. The opposition argues Maduro’s re-election last May was a sham.

The previously little-known Guaido has re-invigorated the opposition movement by pushing for three immediate goals: to end Maduro’s “usurpation” of power, establish a transitional government and hold a new presidential election.

The U.S. State Department is telling Americans not to travel to Venezuela, warning of the threat of being arbitrarily arrested or caught in a protest. Venezuela was put on the highest U.S. level advisory, a list that also includes Syria, Afghanistan and Iraq.

The U.N. human rights office says security forces in Venezuela detained nearly 700 people in just one day of anti-government protests last week — the highest such tally in a single day in the country in at least 20 years. It says more than 40 people are believed to have been killed.

Maduro’s allies blame the opposition for the violence and deny the high death toll as well as reports that minors were among those arrested.

Socialist party leaders have been organizing counter-protests by thousands of Maduro supporters in different parts of the country.

On Tuesday, Maduro announced he is expanding Venezuela’s civilian armed militia to 2 million members. The reserve force was created by the late Hugo Chavez to train civilians to assist the armed forces and defend the socialist revolution from attacks.

Maduro vowed never to let the U.S. intervene in Venezuela’s affairs.

“These are moment of history — and battle,” he said.

___

Armario reported from Bogota, Colombia.

Scott Smith And Christine Armario, The Associated Press










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What is ‘productivity’ and how can we improve it

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From the Fraser Institute

By Jock Finlayson

Earlier this year, a senior Bank of Canada official caused a stir by describing Canada’s pattern of declining productivity as an “emergency,” confirming that the issue of productivity is now in the spotlight. That’s encouraging. Boosting productivity is the only way to improve living standards, particularly in the long term. Today, Canada ranks 18th globally on the most common measure of productivity, with our position dropping steadily over the last several years.

Productivity is the amount of gross domestic product (GDP) or “output” the economy produces using a given quantity and mix of “inputs.” Labour is a key input in the production process, and most discussions of productivity focus on labour productivity. Productivity can be estimated for the entire economy or for individual industries.

In 2023, labour productivity in Canada was $63.60 per hour (in 2017 dollars). Industries with above average productivity include mining, oil and gas, pipelines, utilities, most parts of manufacturing, and telecommunications. Those with comparatively low productivity levels include accommodation and food services, construction, retail trade, personal and household services, and much of the government sector. Due to the lack of market-determined prices, it’s difficult to gauge productivity in the government and non-profit sectors. Instead, analysts often estimate productivity in these parts of the economy by valuing the inputs they use, of which labour is the most important one.

Within the private sector, there’s a positive linkage between productivity and employee wages and benefits. The most productive industries (on average) pay their workers more. As noted in a February 2024 RBC Economics report, productivity growth is “essentially the only way that business profits and worker wages can sustainably rise at the same time.”

Since the early 2000s, Canada has been losing ground vis-à-vis the United States and other advanced economies on productivity. By 2022, our labour productivity stood at just 70 per cent of the U.S. benchmark. What does this mean for Canadians?

Chronically lagging productivity acts as a drag on the growth of inflation-adjusted wages and incomes. According to a recent study, after adjusting for differences in the purchasing power of a dollar of income in the two countries, GDP per person (an indicator of incomes and living standards) in Canada was only 72 per cent of the U.S. level in 2022, down from 80 per cent a decade earlier. Our performance has continued to deteriorate since 2022. Mainly because of the widening cross-border productivity gap, GDP per person in the U.S. is now $22,000 higher than in Canada.

Addressing Canada’s “productivity crisis” should be a top priority for policymakers and business leaders. While there’s no short-term fix, the following steps can help to put the country on a better productivity growth path.

  • Increase business investment in productive assets and activities. Canada scores poorly compared to peer economies in investment in machinery, equipment, advanced technology products and intellectual property. We also must invest more in trade-enabling infrastructure such as ports, highways and other transportation assets that link Canada with global markets and facilitate the movement of goods and services within the country.
  • Overhaul federal and provincial tax policies to strengthen incentives for capital formation, innovation, entrepreneurship and business growth.
  • Streamline and reduce the cost and complexity of government regulation affecting all sectors of the economy.
  • Foster greater competition in local markets and scale back government monopolies and government-sanctioned oligopolies.
  • Eliminate interprovincial barriers to trade, investment and labour mobility to bolster Canada’s common market.
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COP29 was a waste of time

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From Canadians For Affordable Energy

Dan McTeague

Written By Dan McTeague

The twenty-ninth edition of the U.N. Climate Change Committee’s annual “Conference of the Parties,” also known as COP29, wrapped up recently, and I must say, it seemed a much gloomier affair than the previous twenty-eight. It’s hard to imagine a more downcast gathering of elitists and activists. You almost felt sorry for them.

Oh, there was all the usual nutty Net-Zero-by-2050 proposals, which would make life harder and more expensive in developed countries, and be absolutely disastrous for developing countries, if they were even partially implemented. But a lot of the roughly 65,000 attendees seemed to realize they were just spewing hot air.

Why were they so down? It couldn’t be that they were feeling guilty about their own hypocrisy, since they had flown in, many aboard private jets, to the Middle Eastern petrostate of Azerbaijan, where fossil fuels count for two-thirds of national GDP and 90% of export revenues, to lecture the world on the evils of flying in planes and prospering from the extraction of oil and natural gas. Afterall, they did the same last year in Dubai and there was no noticeable pang of guilt there.

It’s likely that Donald Trump’s recent reelection had a lot to do with it. Living as they do in a media bubble, our governing class was completely blindsided by the American people’s decision to return their 45th president to the White House. And the fact that he won the popular vote this time made it harder to deny his legitimacy. (Note that they’ve never questioned the legitimacy of Justin Trudeau, even though his party has lost the popular vote in the past two federal elections. What’s the saying about the modern Left? “If they didn’t have double standards, they’d have no standards at all.”)

Come January, Trump is committed to (once again) pulling the U.S. out of the Paris Climate Accords, to rolling back the Biden Administration’s anti-fracking and pro-EV regulations, and to giving oil companies the green light to extract as much “liquid gold” (his phrase) as possible, with an eye towards making energy more affordable for American consumers and businesses alike. The chance that they’ll be able to leech billions in taxpayer dollars from the U.S. Treasury while he’s running the show is basically zero.

But it wasn’t just the return of Trump which has gotten the climate brigade down. After a few years on top, environmentalists have been having one setback after another. Green parties saw a huge drop off in support in the E.U. parliament’s elections this past June, losing one-third of their seats in Brussels.

And wherever they’ve actually been in government, in Germany and Ireland for instance, the Greens have dragged down the popularity of the coalitions they were part of. That’s largely because their policies have been like an arrow to the heart of those nations’ economies – see the former industrial titan Germany, where major companies like Volkswagen, Siemens, and the chemical giant BASF are frantically shifting production to China and the U.S. to escape high energy costs.

But while voters around the world are kicking climate ideologues to the curb, there are still a few places where they’re managing to cling to power for dear life.

Here in Canada, for instance, Justin Trudeau and Steven Guilbeault steadfastly refuse to consider revisiting their ruinous Net Zero policies, from their ever-increasing Carbon Tax, to their huge investments in Electric Vehicles and the mandates which will force all of us to buy pricey, unreliable EVs in just over a decade, and to the emissions caps which seek to strangle the natural resource sector on which our economy depends.

Minister Guilbeault was all-in on COP29, heading the Canadian delegation, which “hosted 65 events showcasing Canada’s leadership on climate action, nature-based solutions, sustainable finance, and Canadian clean technologies—while discussing gender equality, youth perspectives, and the critical role of Indigenous knowledge and climate leadership” and stood up for Canadian values such as “2SLGBTQI+” and “gender inclusivity.” Once again, in Azerbaijan, which has been denounced for its human rights abuses.

And no word yet on the cost of all of this – for last year’s COP28 the government – or should I say the taxpayers – spent $1.4M on travel and accommodations alone for the 633 member delegation. That number, not counting the above mentioned events, are sure to be higher, as Azerbaijan is much less of a travel destination than Dubai, and so has fewer flights in and available hotel rooms.

At the same time all of this was going on, Trudeau was 12,000 kms away in Rio de Janeiro, Brazil,  telling an audience that carbon taxation is a “moral obligation” which is more important than the cost of living: “It’s really, really easy when you’re in a short-term survive, [to say] I gotta be able to pay the rent this month, I’ve gotta be able to buy groceries for my kids, to say, OK, let’s put climate change as a slightly lower priority.”

This is madness, and it underscores how tone-deaf the prime minister is, and also why current polling looks so good for the Conservatives that Pierre Poilievre might as well start measuring the drapes at the PMO.

He has the Trudeau Liberals’ obsessive pursuit of Net Zero policies in large part to thank for that.

The world is waking up to the true cost of the Net Zero ideology, and leaving it behind. That doesn’t mean the fight is over – the activists and their allies in government are going to squeeze as many tax dollars out of this as they possibly can. But the writing is on the wall, and their window is rapidly closing.

Dan McTeague is President of Canadians for Affordable Energy.

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