Canada Should Be The Wealthiest Country on Earth But Far From It.

 "Imagine for a moment the following place:

A vast, open territory full of nearly endless space.

Immense natural resources, with almost every valuable resource available in large quantities within their borders.

A highly-educated population.

A high level of technological proficiency.

An alliance with the world’s most powerful and wealthy nations.

A border with only one nation, a nation that happens to have the world’s largest economy and most powerful military.

Deep economic and military integration with the world’s pre-eminent superpower.

Wouldn’t you expect a nation fitting that description to be the wealthiest nation on Earth, on a per-capita basis?

Or, at least in the top five?

And, if a country in the aforementioned position wasn’t in the top five, wouldn’t you question why they were squandering their potential?

Of course, you know that we’re talking about Canada here.

According to the IMF, the estimate for Canada’s per capita GDP measured in US Dollars is $49,222.

That puts us 24th on the list, behind countries such as Belgium, Germany, Austria, Finland, the Netherlands, Australia, Norway, Switzerland, and more.

Additionally, we are far back from the United States, where the per capita GDP is $68,309.

If Canada was in 3rd, or 4th, or even 5th place, it would be understandable, as some of the top spots are held by tax havens.

Still though, Canada’s position on the list is quite a disappointment given all the advantages our nation has.

Now, before some people claim that ‘cold weather’ holds Canada back, consider that nations such as Iceland, Norway, Sweden, and Finland are all above Canada.

Norway for example is a very cold country, with large oil reserves.

Sounds familiar, doesn’t it?

Their GDP per capita is estimated at $81,995, far ahead of Canada."

"Canada’s economy is even weaker now, with inflation further eroding our already stagnating standard of living, massive debt and deficits weighing us down, and a rapid return to high immigration levels pushing down wages."

"Large and constant immigration increases, combined with massive money printing can easily give the impression of economic growth, since there are more people in the country every year, and more ‘money’ in the system."

"Until Canada brings in large tax cuts, reduces regulations, re-embraces our energy sector, brings immigration to a level that doesn’t artificially depress wages, returns to sound money, and cuts government spending, our country will continue to waste our astounding potential."

Snipped from following article by Spencer Fernando.  For full article please sell the following link below:

 https://spencerfernando.com/2021/12/03/canada-continues-to-waste-our-economic-potential/