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This is a maquiladora strategy. A maquiladora is "a foreign-owned factory at which imported parts are assembled by lower-paid workers into products for export"
by motohagiography 3y ago
This is a maquiladora strategy. A maquiladora is "a foreign-owned factory at which imported parts are assembled by lower-paid workers into products for export"
What's frustrating about it is that it's an expression of contempt for Canada's nationals by a governing class whose capital is already managed globally, so in their view, what does it matter if they import cheap labour and disincentivize capital growth with new industry when they can just tax farm income from a permanent underclass of workers who bring in salaries from foreign revenue?
It would be great if the H1-B's were coming here to do startups, but startups are the artifact of a uniquely American capital ecosystem that just doesn't exist anywhere else, and you can't reproduce something that was the effect of factors that were a moment in time. The strategy is just another expression of contempt of the citizenry by Ottawa. This cohort of government always goes on about how "diversity is our strength," but the emphasis has always been on the our part, meaning theirs, and increasingly at the expense of everyone else.