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> limited innovation & productivity Thing is, historically, Canada was incredibly innovative. It seems there was a culture shift somewhere in the 90s where "ge
by randomdata 3y ago
> limited innovation & productivity
Thing is, historically, Canada was incredibly innovative. It seems there was a culture shift somewhere in the 90s where "getting a good job" became the goal of Canadians.
We can see this echoed in education data. Canada has become the most educated nation, but is so because of an exceptionally high rate of vocational training. Canada lags well behind when it comes to research-focused education.
As seen in the link's charts, the US housing market crashed in 2006 because, after a period of innovation stagnation (Dotcom bust, 9/11), new innovation was taking hold. Investors left housing to ride that train, and thus the price declined. The people of Canada do not appear to have it in them to offer anything other than housing to investors.
- perardi 3y agoI was born in the US, and lived in Canada, specifically Toronto, for a while. And contrary Americans’ vague impressions of some snow-swept utopia…yeah, Canada is shockingly lacking in innovation. It’s a place of US-designed and Chinese-made products, moribund government-backed private industry like Rogers and Bombardier, and a population that really did seem complacent and rather go-along get-along. People didn't seem to look past going to the cottage on the weekend, and whistling past a lot of increasingly decrepit infrastructure.
- TMWNN 3y agoI've heard Canada described as three mining companies standing on each other wearing an overcoat.
- tixocloud 3y agoThe Canadian market lacks innovation because the market doesn’t want innovation. Most Canadian businesses and startups thrive in the U.S. simply because the Canadian market is so much more risk-averse. Buyers are afraid of change and investors afraid of risk.