Enough Is Enough – Wealth Inequality, Corporate Power, and the Future of Canada.
❖ Series: Enough Is Enough ❖
Part 1: Welcome to mycdnprince — Enough Is Enough (you are here)
Part 2: Coming soon
Enough Is Enough
I’m not a politician.
I’m not a professor.
I’m a Canadian who is tired of being told this is the best we can do.
Wages stagnate.
Housing costs explode.
Groceries go up.
Energy companies post record profits.
Banks do just fine.
Corporate executives do better than fine.
And ordinary people?
We tighten our belts again.
This blog — mycdnprince — exists because the status quo in Canada is no longer working for the majority of people who live and work here.
It works for corporations.
It works for shareholders.
It works for those who already own everything.
But it does not work for working people trying to survive.
Why This Blog Exists
The path to effective activism begins with understanding the system we live under.
Capitalism in Canada is often presented as neutral or inevitable. In reality, it is a structure that concentrates wealth, protects corporate power, and treats workers as expendable inputs.
We are told to be patient.
We are told to work harder.
We are told the market will correct itself.
Meanwhile:
- wealth inequality widens
- public services strain
- young Canadians give up on owning homes
- older workers delay retirement
This site exists for people who feel something isn’t adding up—but want to understand why. No noise. No spin. Just clear analysis of how power works in Canada—and what it would take to change it.
Wealth Inequality in Canada
Statistics Canada data shows persistent wealth concentration and rising household debt burdens.
A January 2026 Canadian Press report confirmed that Canada’s wealth gap continues to widen. The top 20 percent of households now hold 65.5 percent of the country’s net worth, averaging roughly $3.5 million per household.
Meanwhile, the bottom 40 percent share just 3.1 percent of national wealth, averaging about $82,100.
While productivity increases, the gains do not flow evenly through society. The economic structure channels them upward.
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| Wealth inequality in Canada continues to grow as economic gains concentrate among the highest-income households. (AI-generated images) | ||
The Housing Crisis
The housing crisis in Canada has transformed shelter into speculation.
Real estate is increasingly treated as an investment vehicle before it is treated as a human necessity.
Rents climb.
Home ownership slips further out of reach.
Entire generations are told to lower expectations.
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| Rising home prices and rents have turned housing into one of the defining economic crises facing Canadians. (AI-generated images) | ||
Corporate Power and Democracy
Corporate influence over public policy continues to grow.
Investigative reporting has highlighted how corporate lobbying, deregulation initiatives, and political access shape policy decisions in ways that favour concentrated economic power.
As journalist Linda McQuaig has documented, deregulation proposals buried within federal legislation could allow cabinet ministers to exempt corporations from federal laws in the name of economic growth — echoing earlier deregulation trends that contributed to disasters like the 2013 Lac-Mégantic rail tragedy.
What Revolutionary Change Means
Revolutionary socialism, as I see it, is not about chaos or violence.
Working people already experience economic violence every day through:
- layoffs
- evictions
- stagnant wages
- rising debt
- permanent insecurity
When a family loses their home because rent doubled, that is not simply “the market working.”
It is a system making decisions about who matters.
Real democratic change means building mass movements capable of reclaiming control over the foundations of the economy:
- energy
- housing
- finance
- infrastructure
- major industries
It means public ownership where private ownership has failed and democratic participation that extends beyond the ballot box.
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| Democratic change has historically come when ordinary people organize collectively. | ||
What This Blog Will Focus On
This blog will explore:
- Wealth inequality in Canada
- Corporate power and lobbying
- The housing and cost-of-living crisis
- Public ownership of key industries
- Worker organizing and democratic reform
- Building democratic mass movements
A Space for Canadians Ready to Build
Canada is not poor.
It is not lacking resources.
It is not lacking skilled workers.
What it lacks is democratic control over its own wealth.
If the system we have cannot provide dignity, security, and real democratic participation, then we have every right to demand one that does.
Not recklessly.
Not impulsively.
But organized, thoughtful, and determined.
If that’s you, you’re in the right place.
— John (mycdnprince)
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Ownership starts with understanding
For corporate power / concrete examples: The powerful always adapt first. As Linda McQuaig documents in the Toronto Star, Prime Minister Carney is quietly consolidating corporate power in Canada, meeting with corporate lobbyists twice as often as his predecessor and pushing deregulation buried inside Bill C-15 that would allow cabinet ministers to exempt corporations from federal laws in the name of ‘innovation’ and ‘economic growth’—a move McQuaig warns evokes the deregulatory mania behind the 2013 Lac-Mégantic rail disaster that killed 47 people.
For wealth inequality: Statistics Canada data shows persistent wealth concentration and rising household debt burdens. A January 2026 Canadian Press report confirms Canada’s income and wealth gap grew wider, with the top 20 per cent of households holding 65.5 per cent of the country’s net worth—averaging $3.5 million each—while the bottom 40 per cent share just 3.1 per cent, averaging $82,100.
For foreign control: A country that does not control its key industries, supply chains, or financial infrastructure is not truly secure. New research from the CCPA on foreign ownership and investment trends in Canada finds that U.S. funds now own an estimated 59 per cent of Canadian oil and gas companies, and the four largest oil sands producers are on average 73 per cent foreign-owned.
For banking concentration: The powerful always adapt first. As Senator Colin Deacon documents in a Senate-published piece, the Big Six banks are to blame for a lifeless TSX—they now lead 60 to 80 per cent of public equity underwriting, choking off competition and leaving smaller players unable to access capital.
Next: Who Owns Canada? Corporate Power and the Illusion of Democracy
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