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Alberta Oil and the Decline of Democracy in Canada by Meenal Shrivastava, Lorna Stefanick

By Meenal Shrivastava, Lorna Stefanick

Sooner than might 2015, the oil-rich jurisdiction of Alberta had, for over 4 a long time, been a one-party nation. in the course of that point, the guideline of the innovative Conservatives basically went unchallenged, with reviews of presidency coverage falling on deaf ears and Alberta rating at the back of different provinces in voter turnout. Given the province’s monetary reliance on oil sales, a symbiotic dating additionally constructed among govt and the oil undefined. Cross-national reports have detected a correlation among oil-dependent economies and authoritarian rule, a trend quite obvious in Africa and the center East. Alberta Oil and the Decline of Democracy in Canada units out to check the “oil inhibits democracy” speculation within the context of an industrialized country within the worldwide North.

In probing the effect of Alberta’s strong oil foyer at the overall healthiness of democracy within the province, members to the amount interact with an ongoing dialogue of the erosion of political liberalism within the West. as well as studying power coverage and problems with govt responsibility in Alberta, they discover the ramifications of oil dependence in parts reminiscent of Aboriginal rights, environmental coverage, labour legislation, women’s fairness, city social coverage, and the humanities. If, as they argue, reliance on oil has weakened democratic buildings in Alberta, then what of Canada as complete, the place the temporary priorities of the oil proceed to form federal coverage? In Alberta, the hot Democratic celebration is able to opposite the democratic deficit that's almost immediately fuelling political and monetary inequality. The findings during this e-book recommend that, to revitalize democracy, provincial and federal leaders alike needs to locate the braveness to cut back the impact of the oil on governance.

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Within a liberal democratic framework, then, the phenomenon of financialization can be considered as neoliberalism’s most powerful tool to entrench the separation of the political and economic spheres. Financialization refers to the vastly expanded role of financial motives, market institutions, and elites in the operation of governing institutions (Epstein 2006) at the international, national, and subnational levels. According to Krippner (2005, 181–82), the finance industry, as it becomes increasingly dominant, takes over the primary economic, cultural, and political role in a national economy.

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