Comment 116536

By CharlesBall (registered) | Posted February 16, 2016 at 16:08:25 in reply to Comment 116534

In the very long run you might be correct (but then the famous axiom is that in the long run we are all dead.)

In the present however, a very cold, wide open and resource dependent country like Canada will not be able to stand up to the rigors of the competition from cheap oil. China and India dwarf our economy. In the short run, a radical shift away from resources will beggar our economy.

What I took the commentator above to mean is not that we should not move away from the resource base, but if we do, we have to accept that we will not be able to afford the social programs we have that presently depend to a great extent upon the income derived from the sale of natural resources. With all due respect, that is not puzzling at all.

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