Early Life and Career
Parizeau was born in Montreal, Quebec, the son of Germaine (née Biron) and Gérard Parizeau. He attended Collège Stanislas, a Roman Catholic private school. He went on to graduate with a PhD from the London School of Economics in London, England. A believer in economic interventionism, he was one of the most important advisors to the provincial government during the 1960s, playing an important behind-the-scenes role in the Quiet Revolution. He was especially instrumental in the nationalization of Hydro-Québec (a hydro-electric utility), the nationalization of the Asbestos Corporation Limited mines, and worked with Eric Kierans to create the Quebec Pension Plan.
Parizeau gradually became a committed sovereigntist, and officially joined the Parti Québécois (PQ) on September 19, 1969.
After the PQ was elected to office in the 1976 provincial election, the new premier, René Lévesque, appointed Parizeau as Minister of Finance. Parizeau played an important role in the 1980 Quebec referendum campaign in favour of the government's proposals for sovereignty-association.
As Minister of Finance in Quebec, he was responsible for a number of innovative economic proposals, including the Quebec Stock Savings Plan ("QSSP").
Married to Polish immigrant Alice Poznanska (1930–1990), Jacques Parizeau was criticized for supporting the Charter of the French Language. This law limits access to English-language public schools to children whose parents didn't receive their education in English in Canada, and was generally opposed by the English-speaking minority.
In 1984, he had a falling out with Lévesque. Lévesque had moved away from pursuing sovereignty to accept a negotiation with the Federal Government, called Beau Risque. Parizeau opposed this shift, resigned from Cabinet among with many other members, and temporarily retired from politics. Lévesque was taken by surprise with all these retirements and retired soon after. He was replaced by Pierre-Marc Johnson.
In 1987, Johnson also left the PQ leadership after losing the 1985 election. Parizeau, still a widely liked figure, was elected to replace him as party leader on March 19, 1988.
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