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Joined 3 years ago
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Cake day: June 30th, 2023

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  • There’s no reason Canada can’t make its own cars. Or computer chips.

    Sure if you’re talking at least a 10x on the price of equivalent consumer goods, which isn’t going to drive prices down whatsoever. China both subsidises manufacturing AND devalues their currency to keep manufacturing costs low and exports high. There’s no way to do that in the Canadian economy or any single western economy without either tanking it (huge deflation) or saddling the country with so much debt to invest into the industries and then subsidise long enough to be cost competitive that it would never be able to make the credit repayments.