2 ms·
That's generally true. Canada has a high HDI, high GDP per capita and a low degree of inequality (much lower than the US). In terms of HDI, Alberta is on par
by arcticbull 5y ago
That's generally true.
Canada has a high HDI, high GDP per capita and a low degree of inequality (much lower than the US).
In terms of HDI, Alberta is on par with Iceland and Germany, BC and Ontario on par with Finland and Singapore. [1] Canada scores overall 0.929, above the US (0.924).
In terms of GDP per capita (PPP), Canada ranks #23 in the world, around Finland, France, the UK, Austria and Iceland (albeit below the US) [2]
In terms of inequality, Canada has the 4th lowest GINI coefficient among the OECD (after Australia, Austria and Belgium) - well ahead of the US which is the highest inequality in the OECD. [3]
Banks are well managed and well run. Canada for instance didn't have a "2008." The government actually works pretty well. Housing is nuts right now, but that is a pretty easy if unpalatable fix (just build more houses, asap).
Could things be better? Yeah. Totally. Are they bad? No. Certainly not as bad as the peer comments here are making it out to be. COVID has gotten to everyone but I think it's important we keep our perspectives grounded in fact.
[1] https://en.wikipedia.org/wiki/List_of_Canadian_provinces_and_territories_by_Human_Development_Index https://en.wikipedia.org/wiki/List_of_Canadian_provinces_and...
[2] https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)...
[3] https://en.wikipedia.org/wiki/List_of_countries_by_income_equality https://en.wikipedia.org/wiki/List_of_countries_by_income_eq...