oh no, lost jobs and and dying economy!
reply> oh no, lost jobs and and dying economy!
replyIt worked for Australia (which has a fairly similar economy to Canada).
It has led to a "Dutch disease" reliance on the resources sector in Australia, but that isn't radically different to the Australian economy before (mostly proportionally more coal & iron ore exports, less wool and grain)
That is a policy choice. Why do we need jobs if we're getting unlimited free stuff? The laws of physics aren't requiring us to - we are requiring us to.
replyIt is genuinely impossible to compete in a market where alternatives are cheaper enough, just look at how Amazon Basics squeezes competitors out of business.
replyThis is why free trade is important. We had a decent setup where countries were specializing in their own manufacturing/services specialties, and then we all paid each other for what we needed.
replyThen some greedy fools decided they needed more, and started trying to charge more on the way out or on the way in. Now the ones that specialized in the 'must haves' of today have insane leverage over everyone else. Then the 'easy' answer is to prevent those goods from coming into your country.
It's all so incredibly shortsighted, it deflates me.