The Ontario government has announced a deal to use Shopify’s e-commerce platform to help conduct both their online and in-store sales of soon-to-be-legalized cannabis. The Ontario Cannabis Retail Corporation (OCRC), a subsidiary of the Liquor Control Board of Ontario (LCBO), will utilize the Ottawa-based Shopify’s platform to facilitate online as well as brick and mortar sales.
The debt-money system generates serious problems. One of these is that private banks can create only the amount of the loan; they cannot create the money needed to pay the interest on that loan. There is never, therefore, enough money in the system. This makes growth imperative. The system must grow or die. Debt and the interest on debt grow faster than money and income because debt is the only way to create new money. If the money supply cannot keep up to the cost of debt and interest, the economy will stall. When the burden of debt exceeds the capacity of debtors to pay, or the willingness of lenders to lend, the system must fail.
