Should Canada merge with Trump's America?
- Thread starter oil&gas
- Start date
That's convenient for you, isn't it?
You don't have to make an empirical case that the Europe Union is doing better than the UK. You can simply say "universally regarded" and some other feel-good declarations.
The "Ups and downs" by the way are not structural problems in Europe.
Are you paying attention? I already noted Germany is a mercantilist monster. Germany's economy depends on 47% of GDP coming from exports. Since the introduction of the Euro, much of Western Europe has deindustrialized. When facing a mercantilist behemoh in your backyard, a flexible currency would have given a country some degree of defense. The economies of Spaina and Italy have turned hard to tourism but that has run into limits and local resistance.
Enough economics for you. Please don't tell us about some universal declaration that economists believe the EU and Euro are a success. The reality is they don't all believe that. The Financial Times routinely has some commentary that disputes this belief. Der Spiegel might have more support for what you are seeking. In any event, there are varying perspectives.
Note: Mercantilism is an economic system that aims to increase a country's wealth and power by limiting imports and promoting exports. The goal is to achieve a favorable balance of trade, which means the country exports more than it imports.
PS- Even some European leaders have bemoaned falling behind the U.S. economically the last twenty years. I don't know how describe that merely as "ups and downs".
Deindustrialization is not exactly a bad thing.
High income economies deindustrialize and shift focus to services as they grow.
It is a natural transition.
Here's an interesting chart that displays the growth of Germany's export machine as a % of GDP. You can see what happens as the Euro is introduced. These huge experts relative to the economy have caused trade imbalances within Europe and with the World. Chronic trade imbalances cause instability. I can't think of any economists who think this is healthy and sustainable.
Good point. Too bad a cruise ship can't park near your home town and dump a couple thousand tourists off for the day.
The alternative to manufacturing isn't bureaucrat's in Ottawa sending emails to different govt departments, either
you can not export bureaucrat correspondence for hard currency
The government can gin up some superficial growth through increasing government employment and increasing the population through immigration. If productivity doesn't increase, it means very little in the long run.
Better tell Ottawa that, Earp. Sounds like you're smarter than the Canadian government. Or the Tories because they don't put that view forward either....
Honestly, I think they owe Germany too much money. Surely, you have seen more skepticism politically from the larger members.
Mandrill, this has to be probably one of the worst attempts at diversion on the forum. Every economy has unique strengths, weaknesses and challenges so trying to go down the"what about" path is unproductive to the discussion.
Let U.S. superior growth vis-a-vis Europe and German export charts speak for themselves. Something's not working in the EU.
I think the Tories are and it will be louder next year. I don't think you're a good listener when it comes to politics.
I and others don't have to be smarter than Ottawa. We just have to be aware.
Both public and private sector jobs can simultaneously grow and are not mutually exclusive.
The public sector employees are also tax payers.
Once again you have missed the point
public sector jobs require funding by the private sector.
private sector.do not require funding by the public sector .
one is dependant on the other
if the dependant sector public outgrows the private sector. it causes serous long term economic problems
especially double digit growth public 13.3% vs 3.6% in the private sector.
This is not sustainable
in addition, the private sector crates economic profit including hard currency trade
the public sector ..recycles some tax dollars very inefficiently and creates money pits which destroy economic profit
in addition, the growth in the public sector jobs has been deficit financed for a decade
This is not only unsustainable, it irresponsible and very risky
get back to us with that argument when they are self sustaining
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Public sector jobs require funding from the government. Not the private sector.
The public sector in return provides everything from infrastructure to tax incentives, to the private sector.
It is deficit financing that affords you the quality of life you have.
The private sector does not do anything to better the lives of the common citizen.
They only live to serve the interest of the shareholder.
Trickle down economics does not work.
