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Canada innovates quite a bit. American companies just keep buying the Canadian ones who do so before they get big. The whole Canadian tech sector is like an inc
by barbariangrunge 4y ago
Canada innovates quite a bit. American companies just keep buying the Canadian ones who do so before they get big. The whole Canadian tech sector is like an incubator for the USA in some ways.
Although… the government invests almost nothing in starting new Canadian companies too, and instead focuses on luring American companies to open offices here, or else on giving money to existing medium and large Canadian businesses to convince them to increase hiring. This is a pet peeve of mine. It’s very short sighted
- jacobr1 4y agoMost American states are like this too. Outside the big tech-hubs, everything is about tax-lures in exchange for hiring commitments.
- version_five 4y agoI've personally found that the Canadian economy is basically just arranged around vacuuming up government money while producing as little as possible.
- pvaldes 4y agoThis is probably the main point. Europe is very good at innovation and really bad retaining the talent that produces. The companies based in this research end being created in US, for several different reasons.