Close Reading

Canada is basically an oligopoly. The politicians are intertwined with a wealthy ruling class that is extremely politically protected. The influx of immigrants was by design to repress wages and ensure that wealthy oligarchs could continue to pay minimum wage for labor. The politicians get board positions in exchange for these favours. The media is heavily subsidized by government, and Donald Trump going off on Canada and threatening tariffs was all they needed to ensure our conservatives could be painted as traitors to the country and the Liberals could be guaranteed a win so the charade can continue.

This isn’t totally accurate, and comparing Canada to the US is like comparing apples to oranges, a more apt comparison would be Canada and Australia (similar government structure, similar population, similar economy) unlike the us that has 8x our population and is the richest country in the world lol. \n\nThat being said the problems with the Canadian economy are pretty straightforward imo, for housing it’s simple, the Canadian government has invested heavily into the real estate market with things like the Canada pension plan being largely invested into the CPP. There is also a huge amount of people who have banked their retirement on the value of their home, for the most part these are blue collar workers. These two things combined have created a huge problem for the government, it basically has to choose between fixing the worsening housing crisis and in the process wipe out the savings and retirement accounts of millions of Canadians or let the problem get worse and worse until something boils over. This problem is also being compounded by the increasing number of international students being misled into coming here, they are being promised world class education but are receiving bogus diplomas from what are essentially sham colleges (thanks Ford). \n\nWhen looking at the competition in the country it’s a more complicated problem than people like to admit, in order to not become a client state of the US we have to place stronger protections on our industries and media, this insures that Canadian money stays within the Canadian market but has the drawback of discouraging competition. Now if you ask me the solution to this is to nationalize large industries that are being controlled by large oligopolies who unnecessarily manipulate the price of goods like Bell, Rogers, Loblaws, air Canada, petrol Canada, etc. By taking control of these industries the government could have better control of the price of goods and should result in better prices for consumers in turn we’re leaving some of the pressure placed on us by the cost of living crisis. This worked wonders for alcohol which in Ontario brings in 1.5 billion in revenue for the government each year, imagine how much internet, electricity, phone service and produce could bring in.