Mr. Speaker, I thank the member for his question.
Part of the problem we are witnessing is that with agreements like NAFTA and now the MAI there will be no rules about the movement of capital around the world where huge profits are being made. There is more than enough evidence to show that very large corporations are making record profits at the expense of jobs. There needs to be in the context of a globalized economy some international institutions and structures that have the ability to ensure that windfall profits are recouped for public benefit.
If the member cannot understand that and understand that we are talking about a matter of financial and social equity, then I guess we have a very different view of how things should operate.
We in the NDP see that under the trade liberalization we are transferring power to very powerful corporations that have absolutely no accountability. There are some very undemocratic organizations. Who are they accountable to? Not to governments, not to the people of Canada or any country. The very real issue is whether they are creating jobs in the long run. There is a small percentage of people who are making enormous profits at the expense of millions of ordinary people, workers who are getting low wages or people who have been thrown out of work. That is why we need to have a fair and open system where we can ensure that windfall profits are properly taxed.