3 ms·
Why do people blame governments for these kinds of downturns? The global oil price took a dive. Sure, you want a diversified economy, but Canada has not many
by cylinder 11y ago
Why do people blame governments for these kinds of downturns?
The global oil price took a dive.
Sure, you want a diversified economy, but Canada has not many comparative advantages other than resources and being adjacent to the US.
How do people expect Parliament to just make up successful industries out of thin air?
Is there something stopping a Toronto resident from starting the next big fintech startup? Is there something stopping Vancouver residents from starting the next Salesforce?
Nope. Comes down to the culture.
- Mikeb85 11y agoIt's part culture, part lack of capital. In the US you can get funding for just about anything. In Canada it's nearly impossible, and investors impose ridiculous terms. Government grants help, but its not enough. As for culture, you're right. Canadians go for the safe, sure bet. Get a job as an accountant or (non-CS) engineer, and enjoy a safe, steady life in the middle class.