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3 mo. ago

  • This discusses why we dont invest in productivity to stay competitive, at 32:30 he goes over whats happening.

    https://www.youtube.com/watch?v=bOXgOLCm54A

    Its also called Capital shallowing.

    Capital shallowing refers to a situation where the amount of capital per worker decreases, often due to falling wages that allow firms to substitute people for capital. This phenomenon can lead to a decline in productivity, as seen in the UK where falling wages allowed firms to substitute labor for capital, leading to capital shallowing.

  • Well I'm not denying climate change I just dont think its a smooth process, peoples ability to waste energy is their standard of living, and you'll be voted out the second you limit their consumption and crash the economy.

    It would drastically raise interest rates, since oil and gas make up a significant portion of our current account balance, and the housing bubble cant survive higher rates I dont believe; which you'll also raise interest rates dramatically borrowing money to invest in renewables and meat production. We have an over 90% debt to GDP federally and provincially, which is a large weight on growth according to studies, if we cut off our exports what does that do to our debt load and productivity?

    I like many of your ideas, but its economic suicide. I've not heard of this flow battery idea built into nature it sounds pretty neat, why are these not used in any other countries, can you really just pump water into a natural reservoir?

  • What would one do to fight climate change. I'm assuming the first step would be taking over zoning laws federally to rezone for density, then investing hundreds of billions into mass transit instead of social programs.

    Then it would be cutting off Chinese imports, obviously dramatically raising interest rates due to inflation, potentially toppling our housing bubble.

    Then ending immigration from low emitting countries, causing a dramatic fall in GDP, and an immediate recession. Does this sound right?

  • Alberta despite its small population makes up a great deal of our current account balance, which is what gives our dollar value in the world. On this value we've taken on over 90% federal/provincial debt to GDP, and we already have a grave productivity problem, yet you want to wipe out one of our most efficient industries so that you can feel good about yourself while doing nothing to prevent climate change.

    Heres what tends to happen when your debt gets above 90%, which further puts a drag on our growth, and may be a large contributor as to why we have been second to last in the OECD since 2015 per capita.

    https://www.businessinsider.com/kenneth-rogoff-carmen-reinhart-sovereign-debt-2010-8

  • Even with our federal government buying half of all mortgage bonds and extending amortizations to further devalue our dollar to gift it to boomers who own multiple rental properties?

    I guess our government wasnt deliberate enough, they should just send cheques out to home owners directly.

  • Germany decommissioned their nuclear plants for being scary with wind apparently being the future despite not having 100% uptime, and then spent a half a trillion dollars trying to generate power when they got cut off from Russia.

    While all this is happening they lower barriers to immigration to depress salaries to try to counteract the inflation they caused, then you wonder why people are turning to the right. If I lived there I'd be miserable as well, these people running the country are incompetent. Trying to ban political the party for anti-immigration and trying to link them to the nazi party and is further idiocy, the party was created when Germany brought in a million poor refugees. If Germany managed integration better it would not even exist, there should just be a cap on country of origin like the US has, Germany does have a culture that is worth attempting to maintain.

  • I think it was supposed to foster cooperation, just as the equalization payments were. Yet Alberta or BC still cant export energy to Europe. Quebec is a dead weight on Canada's productivity, and are like a spoiled child, the only role they play is in swinging the election one way or another.

  • Trump didnt sway the election in any way?

    I figured people were afraid Pierre was going to side with Alberta and not do anything about Trumps tariffs on manufacturing. Since Alberta could easily survive 10% tariffs, while the east could never survive 25%.