The grumpiness is deafening. The astonishment is mind-numbing. And the continued entitlement is unbelievable. No different than the morning after Iveson was elected as Mayor, no different than when snowboards were first allowed on ski hills, and no different than when women were finally allowed in the spike bar at the Mayfair.
Gasp! This place is going to hell and these young folks don’t have a clue how to run this place.
Welcome to the new Alberta. Average age, 36.
The new Alberta has come off being the strongest economic region in North America for the past ten years and a lot of people have made a lot of money – which is a good thing. We’ve been the lowest tax jurisdiction in North America, with a royalty structure that has promoted investment and the development of our resources at an unprecedented rate.
But that same policy environment has created a hyper-inflated economy when oil prices are high and a deficit-debilitated budget when prices are low – which has been confirmed through two economic summits as a bad thing. So if citizens, business leaders and economists all want to have a more balanced approach to growth and development going forward, then looking at incremental changes to these taxation and royalty policies is certainly not incomprehensible.
It just really upsets those who are used to getting their way.
Enter Kevin O’Leary, with his made-for-reality-TV personality, shouting fears that Alberta will be dragged into the abyss, will be filled with unions, and will be brought to its knees because it voted in the NDP.
While his blue suit and sharp tongue work on network TV, he embarrassingly proves himself and other crony colleagues out of touch with the fact that our resource assets remain incredibly valuable, our carpenters, electricians, plumbers, nurses, boilermakers and other unions are not invading, and we have a long history of never, ever, being brought to our knees.
The change in government was not some freak event. Over 72% of Alberta voters expressed their desire for change, expressed who they are and expressed what matters most to them – things like good governance, sustainable growth, fiscal management, transparency, and engagement.
Alberta still represents the same abundance of opportunity. And like any good company, the shareholders have expressed their desire to make incremental changes along with a restructuring to the board, in hopes of creating more value. In short, they lost confidence in the King, and they elected the new Queen. The grumpy guys may not like it, but all the rhetoric in the world won’t change a thing. It’s time now to pull together, make the necessary changes, and continue to be the highest performing economic region in North America for the next 20 years.