Some pundits and even economists have recently suggested that record-low interest rates justify massive borrowing, particularly during a crisis like the COVID-19 pandemic. That almost suggests it’s a government duty to borrow at current low interest rates, according to Jerome Gessaroli, a professor of financial management at the British Columbia Institute of Technology.

Today in The Conversation Canada, Gessaroli issues a call for what’s known as intergenerational equity, urging governments to stop amassing such huge debts because of the burden it’s placing our our children, grandchildren and their children. Public debt per child is rising rapidly in Canada, he points out, and asks: “Is it ethical for governments to increase spending by placing greater debts on future generations? Isn’t contractually placing our children into a monetary form of debt bondage morally indefensible?”

Also today:


Lee-Anne Goodman

Politics, Business + Economics Editor

Far from saving for a rainy day, governments are seriously indebting our children and future generations due to profligate overspending. Ben Wicks/Unsplash

Huge government debts mean Canada is robbing its kids

Jerome Gessaroli, British Columbia Institute of Technology

Canadian governments are failing to treat future citizens fairly by saddling them with huge debt. What policies should Canadian governments enact that offer greater fairness to future generations?

The Bay department store in downtown Winnipeg will close in early 2021. (Jino Distasio)

The demise of the department store heralds a shift in downtown areas

Jino Distasio, University of Winnipeg

In October, the Hudson's Bay Company announced that it would be closing its flagship location in downtown Winnipeg. This closure is reflective of the changing nature of downtown neighbourhoods.

Many of the assessments used to evaluate capacity do not account for specific types of disabilities. (Shutterstock)

People with disabilities at risk of being wrongly deemed ‘incompetent’ by health system

Elizabeth Mohler, Western University

Our health-care system is fraught with paternalistic attitudes toward the capabilities of people with disabilities. Capacity assessments raise important issues about consent, autonomy and agency.

Two members of Canada’s Olympic synchronized swim team perform during the 2016 Summer Olympics. The sport is coming under scrutiny for its culture of abuse and body-shaming. THE CANADIAN PRESS/Ryan Remiorz

New allegations of abuse have grounded Canada’s artistic swimming team

Gretchen Kerr, University of Toronto; Erin Willson, University of Toronto

Allegations of abuse and harassment are not uncommon in Canadian sport. The closure of the Montréal site for Canada's artistic swimming team is in part due to a lack of oversight for young athletes.

La Conversation Canada

Donald Trump pourrait-il encore l'emporter? L'histoire nous montre que c'est possible. Le président brandit le poing après avoir pris la parole lors d'une assemblée de campagne à l'aéroport de Phoenix Goodyear le 28 octobre 2020, en Arizona. AP Photo/Ross D. Franklin

Pourquoi Trump a des chances d’être réélu malgré les sondages

Thomas Klassen, York University, Canada

Les Américains aux urnes ont historiquement adopté l’adage : mieux vaut un mal connu qu’un bien qui reste à connaître. Cela annonce-t-il un deuxième mandat pour Trump ?

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