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Canada.
by throwawaysleep 3y ago
Canada.
- DoughnutHole 3y agoCanada’s situation is nothing like Japan’s. Canada’s economy has tripled in size since 1995. Japan’s economy is smaller than it was in 1995.
- vkou 3y agoCanada's signed two Faustian bargains - one with the resource extraction economy, and one with the real estate sector. Neither one is long-term sustainable. Eventually, the oil will be dug out of the ground, and eventually, it won't be able to endlessly generate paper value by trading rat-infested outhouses in Vancouver back-and-forth for 5 million/pop. It has other exports[1], but they aren't the engine of Canadian economic growth. [1] (Insert lame joke about how its biggest export is SWEs to the United States.)