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This is pretty accurate. Rent seeking in Canada is at an extreme, monopolies are maintained through excessive government regulation, cartels in real estate as
by Mikeb85 7y ago
This is pretty accurate. Rent seeking in Canada is at an extreme, monopolies are maintained through excessive government regulation, cartels in real estate as well as many industries are definitely a thing and almost the whole country is under-employed.
Don't have a ton of time ATM but we're in dire need of deregulating a lot of industries and breaking up cartels.
- deskamess 7y agoCould not agree more! There is a general malaise and slowness in companies/industries I have had to interact with (Telco, Banking).
- cmrdporcupine 7y agoI'm not convinced that regulation is the problem. There are certainly places (wine industry in Ontario for example) where the regulations encourage monopoly. But honestly, I think it's cultural: the investment climate, the fear of risk, but above all ... the easy easy money to be made just drilling oil out of the ground and selling it, or investing in the people who do so. Before that it was trees. Before that, furs. According to wikipedia, mining, oil and gas make up 8.1% of GDP. Below manufacturing (which we're told is dead in Canada) and real estate. And yet if you look at the TSX, and the make-up of most mutual funds people are invested in, it's heavily heavily biased towards the oil and gas sector. Not to mention the CAD being basically a petro dollar at this point. Not exactly set up to win in a post-carbon world, are we?