That's good, thank you. I fully agree with you, action must be taken. I was simply trying to establish that the situation will worsen if nothing is done.
I'd like to switch the topic now, to something that I think Mr. Poschmann and I may agree on.
On the question of the current monetary system of inflation targeting versus a fixed exchange rate or a monetary union, I would argue that a peg is not really feasible. It has to be something stronger, like the euro. From time to time, when the dollar is very weak or volatile or high, this call for a monetary union re-emerges in Canada. Just yesterday, a well-respected individual, Roger Martin, started talking along those lines.
To Finn Poschmann, whether for economic reasons, sovereignty reasons, or both, which system do you prefer?