WINNIPEG, MANITOBA - February 17, 2020 (LSN) In theory, Canada should be richest country on earth on a per capita basis. We have a relatively small population, which just so happens to be situated next to the world’s most powerful economic and military power in the US.
We have more natural resources than any other country, with an abundance of oil, trees, fresh water, minerals, and more that other countries can only envy.
Canada’s cities should all look like Dubai, with glittering skyscrapers as far as the eye can see. We should be like Kuwait, where people pay almost no taxes and the country is so rich that people often get huge payments from the government, rather than the other way around.
In short, Canada should be a nation where investment is flowing in massively.
But that’s not what’s happening.
Instead of Canada being super-rich, half of our population is just one missed paycheque away from disaster.
Our economy is slowing, even as the US booms.
And now, we are watching our nation be humiliatingly brought to its knees by a handful of radical blockaders.
As people, particularly investors, watch what’s happening, a key question on people’s minds surely must be this:
“Who would invest in Canada now?”
With the booming US next door, with a pro-investment, pro-growth administration, why would anyone invest in Canada right now?
We can’t even deal with a few people illegally blockading our rail lines. And consider that people are seeing how our whole economy can be weakened by just one rail line being blocked, which itself is a serious vulnerability and points to an appalling lack of infrastructure.
Have we ever before seen a country blessed with so much do so little with it?
Photo – Youtube
Spencer Fernando is based in Winnipeg
The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by Lake Superior News / Lake Superior Media.
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