The massive inequality (which causes and exacerbates most if not all social problems) is largely due to the neo-liberal ideas and policies began with Regan, Thatcher and Mulroney and continued by successive governments of all parties. A mantra of deregulation (national and international, particularly involving the financial system which has turned into something that should go on in casinos) , low taxes on the rich and corporations, and unrestrained 'free' market and trickle down economics based on unsustainable growth, consumerism and debt.
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