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Canada’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.
by DoughnutHole 3y ago
Canada’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.)