4 ms·
Two ingredients needed : massive market access and patient capital. The USA has both. The British empire had both. The UK and Canada have neither.
by sgt101 7y ago
Two ingredients needed : massive market access and patient capital.
The USA has both. The British empire had both. The UK and Canada have neither.
- wbl 7y agoCapital is international. You can list on the NYSE from anywhere in the world.
- core-questions 7y agoCanada has a modern monetary system and pretty much always has. If we decide we're going to build jet fighters the government can simply print the money and do it. I know, the fiscally responsible person inside of me cringes, but MMT is certainly in vogue with a lot of people who think that the wealth of a country and the trust in its currency and inflation are more flexible than might have been assumed previously.