CCEC Blog
Search
 

Internet provider discontinues service in Haida Gwaii - Aug. 19.  The COVID-19 crisis has brought into sharper focus a digital divide that is both socioeconomic and geographic. As our lives have shifted to online, many of us take for granted our internet connection and the access that comes with it. The Internet is considered a basic service, but there are too many people who don’t have accessible, inclusive and affordable service.


A Digital Divide is a difference in access to technology between nations, regions and people based on demographic factors such as income, race and age.  One year ago, we wrote a blog on the Digital Divide and its importance to our communities. The crisis has highlighted how essential an internet connection is to daily life - to earn a living, to access mental health resources, or to apply for benefits - and why it’s unacceptable that one in 10 Canadian families do not have a home internet connection.  


Racialized, low-income people are being hardest hit by the Divide. With COVID, it has become more difficult for marginalized populations to stay connected to their social and community support networks.  This is not only in remote areas or on Indigenous lands but here in Vancouver. The Binners Project in the Downtown Eastside, for example, had to change its weekly meeting to phone calls. Most Binners, who do not have access to the internet or a cellular phone, felt more disconnected and lonely as many still are not employed.


Internet access is expensive both as a customer and for the service providers. Many rural, remote, and Indigenous communities don’t have access to a good connection due to the costs to service a small number of people. A town with a population of 14,000 reports that it can take at least 2 hours to download large files like homework.  Teachers with slow or no access are wondering how they will provide online learning for their students. ACORN reports that more than one third of Canadians have to make sacrifices to afford home internet, like forgoing spending on transit or even food.


The Province included internet and telecommunications in the list of services that must continue to be delivered during the pandemic, describing these services as “essential to preserving life, health, public safety and basic societal functioning.”  Home internet is used for vital life activities and at the same time remains unaffordable and inaccessible.  Let’s support a Just Recovery where all British Columbians have access to high speed internet. 


Please share your comments with our members.


Currently rated 0.0 by 0 people

The prevalent economic development practice is ineffective, unaffordable and in need of a makeover.  In his book, The Local Economy Solution, Michael Shuman suggests an alternative where cities nurture a new generation of enterprises that help local businesses launch and grow.  These “pollinator businesses,” create jobs and the conditions for economic growth, and are doing so in self-financing ways.

Two years ago, CCEC partnered with like-minded organizations to present a conversation with Michael Shuman speaking to his book, “Local Dollars, Local Sense – How to Shift Your Money from Wall Street to Main Street”See the blog   So, what's new? 

In his new book, he says, “A growing number of small, private businesses are facilitating local planning and placemaking, nurturing local entrepreneurs, helping local consumers buy local and local investors finance local business."  These functions are performed by “pollinators”.  They are locally-grounded, and succeed by building local support in pursuit of the shared goal of revitalizing the local economy.

Shuman feels that the traditional “economic development” model of chasing after large companies with huge taxpayer subsidy deals is the wrong way to revitalize a crippled or stagnant local economy.  He says, “economic development today is creating almost no new jobs.” 

There is another far more promising path.


At CCEC, your investments and funds give us the capacity to provide business loans to your neighbours who are creating “pollinator businesses”.  Refer friends and co-workers to CCEC.  Think of us when you are buying a home, renovating, going back to school or (fill in the blanks)!


Currently rated 0.0 by 0 people

Euro's

As a credit union trying to serve our community and membership, we are beset with increasing regulatory pressures and expectations; all because some investment bankers in New York misbehaved (and some deranged fundamentalists made use of commercial banking services, another story altogether).  But are these 'regulatory' and monetary policy tactics having the desired impact? In short, no. 

In the minds of politicians, stimulus is the answer, but a large proportion of the resources being pushed out into the economy are not making any difference, the so called recovery is stalled.  The principle reason for this is that the key 'intermediaries' are stuck - large banks and public companies.  A culture of risk aversion is now present, rooted, first, in weak indicators and, second, a fear of another banking calamity.  

For a great overview check out this post at Pieria.  The upshot for credit unions is paradoxical; the new regulatory practices (largely fashioned for international banks) insist on 'reducing' lending risks at a time when local businesses and social entrepreneurs are eager to create jobs and resuscitate local economic activity.  In the end, the financial system is not working.    

Currently rated 3.0 by 10 people

Search

home | memberdirectprivacy policy | contact | site map
© 2015 CCEC Credit Union. All Rights Reserved.