toastmeister @ toastmeister @lemmy.ca Posts 1Comments 202Joined 2 wk. ago
This sounds really good, for a country that has been growing inflation adjusted per capita GDP the last decade that can afford it.
https://m.youtube.com/watch?v=bOXgOLCm54A
Canada just announced its increasing immigration for the elderly as well, from India and Pakistan. This party will do the same as its done the last decade, capital swallowing while overburdening our infrastructure and services.
Here's what I found.
Why does Totem need to be replaced?
Totem is still a GTK3 app and is unmaintained (in part due to a crusty codebase), seeing no major development in years. Replacing it with a modern GTK4/libadwaita app designed to use modern technologies and meet modern needs has been a “high priority” for GNOME.
I do wish it had a self hosted docker though. I could see Proton mail and thunder mail adopting it that way, which would be neat.
They also willfully depress their currency.
Well Alberta doesn't even pay a PST, I can't see how that can be the case.
China makes a hybrid for 14k. I'm guessing we will have those retaliatory tariffs from China in perpetuity to protect this, and protect ourselves from lower prices.
https://www.bankofcanada.ca/wp-content/uploads/2019/01/swp2019-6.pdf
Heres a document from the BoC that outlines how QE causes wealth inequality in the short term, as asset prices rise. In the long term unemployment falls, and wages rise from greater wage pressure. So according to this study the created wage pressure reverses the wealth inequality caused by QE.
We did 4% population growth via mass immigration and allowed students to work 40 hours a week to forcefully decrease wage pressure, reversing the temporary labor shortage that existed before the Bank of Canada hiked rates, entrenching the short term asset inequality. Though as the Bank of Canada raised rates to cool the economy, and to bring down inflated asset values, we obviously now have a surplus of labor.
I still think DOGE is just feeding all that information to Palantir, and everything else is a pretext to that goal. They want an AI embedded directly into the government, making a large dependency on it, and bypassing checks and balances quickly has allowed that to happen.
What tech are we talking about here, theres a billion different pieces of software out there all doing drastically different things.
“Here’s how the play is likely to unfold in the weeks and months ahead: Carney will be elected Prime Minister on April 28 by a comfortable margin; [Alberta Premier Danielle] Smith will trigger a constitutional crisis, providing cover for Carney to strike a grand bargain that finally resolves longstanding tensions between the provinces and Ottawa; and large infrastructure permitting reform will fall into place. Protests against these developments will be surprisingly muted, and those who do take to the streets will be largely ignored by the media. The entire effort will be wrapped in a thicket of patriotism, with Trump portrayed as a threat even greater than climate change itself. References to carbon emissions will slowly fade…
In parallel, we expect Trump and Carney to swiftly strike a favorable deal on tariffs, padding the latter’s bona fides just as his political capital will be most needed.”
Heres one theory. A separation crisis allows us to displace Russian oil globally and drop energy prices, which is why Trump gave manufacturing a 250% greater tariff than oil and gas, which caused other provinces to vote for Carney en mass since they thought Pierre would side with Alberta and not do reciprocal tariffs to protect manufacturing.
Alberta takes a large hit on its energy exports to the US since it is land locked. Opening up LNG from BC and Alberta to the coast allows it to derive revenue on the global market, which should help when oil prices fall globally due to Trumps actions. The Canadian dollar tracks crude oil prices, so if we dont open up alternative export markets we will be taking a series of hefty haircut, as the US also devalues their dollar to increase domestic production.
As far as safety, deaths are laughably low from Nuclear. Hydro has had significantly more casualty, thousands of times more.
Counting long term emissions from coal or gas I'd assume you'd be higher as well.
This discusses why we dont invest in productivity to stay competitive, at 32:30 he goes over whats happening.
https://www.youtube.com/watch?v=bOXgOLCm54A
Its also called Capital shallowing.
Capital shallowing refers to a situation where the amount of capital per worker decreases, often due to falling wages that allow firms to substitute people for capital. This phenomenon can lead to a decline in productivity, as seen in the UK where falling wages allowed firms to substitute labor for capital, leading to capital shallowing.
Its worker productivity and margins, oil and gas is very efficient relative to manufacturing or farming. Look at transfer payments.
Well I'm not denying climate change I just dont think its a smooth process, peoples ability to waste energy is their standard of living, and you'll be voted out the second you limit their consumption and crash the economy.
It would drastically raise interest rates, since oil and gas make up a significant portion of our current account balance, and the housing bubble cant survive higher rates I dont believe; which you'll also raise interest rates dramatically borrowing money to invest in renewables and meat production. We have an over 90% debt to GDP federally and provincially, which is a large weight on growth according to studies, if we cut off our exports what does that do to our debt load and productivity?
I like many of your ideas, but its economic suicide. I've not heard of this flow battery idea built into nature it sounds pretty neat, why are these not used in any other countries, can you really just pump water into a natural reservoir?
Canada is tied to the US whether we like it or not, with most of our exports going there due to proximity. If the USD falls 30%, in order to spurn domestic manufacturing in the US, we are screwed, since we are fully tethered to that wagon.
Maybe thats why he assumes we will give in, being worth 70 cents on the dollar to a currency that is falling to 70 cents on the dollar seems like quite a blow, and what does that do to our bond market and corresponding housing bubble?
What would one do to fight climate change. I'm assuming the first step would be taking over zoning laws federally to rezone for density, then investing hundreds of billions into mass transit instead of social programs.
Then it would be cutting off Chinese imports, obviously dramatically raising interest rates due to inflation, potentially toppling our housing bubble.
Then ending immigration from low emitting countries, causing a dramatic fall in GDP, and an immediate recession. Does this sound right?
Heres him a year ago saying we need to become more dependent on the US for our exports.
https://www.youtube.com/watch?v=H_6dc1N31Bk
What I would have liked to have seen 10 years ago is him talking about not being so dependent on our real estate to grow GDP.