Re:Germany set to eclipse Japan as No. 3 economy in 2023, IM...
by vkou on Thursday October 26, 2023 @05:36PM
(#38032002)
Canada's signed two Faustian bargains - one with the resource extraction economy, and one with the real estate sector.
Neither one is long-term sustainable. Eventually, the oil will be dug out of the ground, and eventually, it won't be able to endlessly generate paper value by trading rat-infested outhouses in Vancouver back-and-forth for 5 million/pop.
It has other exports[1], but they aren't the engine of Canadian economic growth.
[1] (Insert lame joke about how its biggest export is SWEs to the United States.)
Neither one is long-term sustainable. Eventually, the oil will be dug out of the ground, and eventually, it won't be able to endlessly generate paper value by trading rat-infested outhouses in Vancouver back-and-forth for 5 million/pop.
It has other exports[1], but they aren't the engine of Canadian economic growth.
[1] (Insert lame joke about how its biggest export is SWEs to the United States.)