Thread: Alberta Economy
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Old 06-24-2015, 01:14 PM   #2
PsYcNeT
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Quote:
Originally Posted by CliffFletcher View Post
One thing I'm surprised about is how our social and institutional memory of the prolonged 80s bust evaporated. I'm not that old (mid-40s), but I remember it.
Overall, that was a very good OP. Would read again.

Noting this particular question however, it's fairly evident that there are a few types of persons who succumb to this:

1) people too young to remember

2) people that did not live in Alberta at the time (which is now a not-insignificant portion of the workforce)

3) those who believe the bust was all on the Feds/Trudeau/NEP

Point 3 is obviously the most dangerous, since it's pretty evident that the narrative has been warped over time to lay the blame almost entirely on a singular event. It's my observation that those who hold this view believe that if they can keep a similar event from occurring (say, by keeping right-wing governments in power at all times), that a major bust will never happen again.
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