Comment by demosito666
1 day ago
> Best path forward is to let in competition
To compete with China in the ”open market” now, Canada will need:
- 25 years of investments in infrastructure and education in STEM and manufacturing
- Targeted state subsidies of chosen branches, which will require
- transition to at least partially planned economy, which will require
- at least partially transitioning to some form of dictatorial governance
- increase population at least twofold (you need multiple multi-million metro areas to support large high-tech clusters)
- devaluate CAD about 2x and accept about the same drop in local purchasing power (which likely will happen anyway, but could be not that harsh and fast).
China at the moment has like 10x advantage in industry ober Canada, it’s impossible to compete. It’s like saying that your immune system must be able to handle bubonic plague, so let’s just inject the body with the pathogen and let it adapt without any external support. A noble idea, but you’ll likely die in the process.
> Canada will need:
- Also a much larger population to create the labor pool necessary.
I was speaking mostly about the Western bloc of countries (EU + USA & Canada) that have their heads in the sand. As a semi-unit, they already have most of the pieces necessary to be competitive.