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Honestly, the way of saying that one people is more productive then the other is such an extreme oversimplification. I know this is a general term used by economists, but I can’t see the benefit. It is divisive and I feel like it would be more beneficial and interesting to just dive into each countries finacial strategy. \n\nP.S. Love the content, english is not my first language and no personal stake in the argument since according to the simplification I am apart of one of the most productive populations of the planet.(Norway)

Seems like Australia has the same issues as Australia. Investment went into non-productive housing by giving generous tax deductions, instead of business investment which would provide for ongoing prosperity.

So, in what areas is Australia different to Canada?\nAnd, can someone please explain to me the determinant nature of any person in moving the dial on GDP. I get the part of GDP per person; I don’t get the part about an individual. It seems to me that organisations and bureaucracies are the key drivers of efficiency and productivity. I’m not a economist, as demonstrated

American productivity is distorted by the tech sector. As is California's GDP for example.

Oh, so productivity began to plummet around the same time as mass immigration from India started. I'm sure that's just due to climate change.

The Federal Liberal party completely destroyed any hope for the youth in Canada to live a productive life in under 10 years.

You can’t compare Europe, Canada or any other countries with USA. Because USD is global reserve currency, USA has highest productivity and hence got biggest gdp per capita compared to any other major economy.

As a Canadian who has lived my whole life here, in my opinion there were two major factors that need to be highlighted that started this mess: fiscal policy and focus on fringe politics. First, Canada came out of the 2008 meltdown relatively unscathed due to following a markedly different strategic path than other major countries, namely tight banking regulations as well as 15 years of paying down the national debt. However, several years after 2008, sentiment shifted to adopting the same MMT-led fiscal policies as other nations: lower interest rates and deficit spending. Secondly, at least 10 years ago, there was a major political shift to start emphasizing fringe social issues (climate, race-based, gender, etc.) instead of standard issues such as the economy or military to name two, and it was strongly evident in academia and in the media. The result was little governmental, public or media attention being paid to core economic concerns such as the massive growing government and consumer debt levels, highly inflationary housing market, or decreasing productivity. When COVID hit, the government further doubled the existing federal debt and when they found that unsustainable, opened the doors to massive immigration levels to bring the Debt-per-Capita ratio down which while helping in that one metric, has further inflated the housing market all while forcing wages down. We now have unsustainable public debt levels, unaffordable housing, decreasing wages, decreasing productivity, and a troubling reactionary political swing towards extremist right-wing ideologies. Top that off with the US administration seeing Canada is on an economic precipice and threatening to take the country over, there couldn't be a more perfect storm.

US productivity has gone up because the financial sector has gotten better at extracting money and assets from the lower 90%

the west is committing cultural suicide, bringing in our own replacements in the name of productivity.

Slowing down productivity seems to ruin countries productivity. How would've thought??? Aggressive investment in it can be hard to keep up with over the long term. How can countries find a balance?

Because the USD is the world reserve currency, money flows into the US. And this unparalleled slush fund is then used to fund venture capital which, then, leads to more innovation in a virtuous circle. The Cdn$ is not a reserve currency, however. Uninformed or wilfully ignorant US politicians point to the US deficit as some kind of problem when, in reality, it represents how the US exports its problems onto the rest of the world that uses the US dollar as an exchange mechanism. If the US dollar loses its exchange value for other countries then the US will be faced with the same issues as other western countries--such as Canada. This isn't to exonerate the failures of both Liberal and Conservative Canadian governments over the past 20 years. More to say that productivity is lower in Canada than the US because Canada's currency isn't the international mechanism of exchange . . .

The reason real estate prices have gone 300% but incomes only 100% is because of low interest rates. If you factor in carrying costs, the numbers aren't as extreme. The challenge now is that interest rates have increased to stave off inflation generated primarily during the covid years. While this has somewhat abated, real estate carrying costs remain elevated and price growth has stagnated, while the Canadian dollar has fallen, effectively resulting in reduced housing valuations (in US dollar terms). Can we ride this out until incomes catch up? Will productivity increases promised by leading political challengers (election coming this year) move the needle? Are tariffs and 51st state rhetoric just a negotiating tactic and bluster, or something real? Nobody knows, but we will find out..

I'm tired of Canada being compared to the US and no one else. Yes, the US is more productive, richer and powerful than Canada, everyone knows that. But they're also all those 3 things to every other economy in the world! Don't stop comparing Canada to the US, but for god's sake, could you throw in some European and Asian countries too?

Wow. Doesn't matter to her that they have been productive members of this country for decades. Her days of standing in line has turned into a wait of 10yrs. Just wow.

In one of your videos…you mentioned that Chilean robbers in your country were more than likely getting rid of their “merchadise”…in an area where they sell jewlery, and then you essentially blamed the Chilean Robbers as though, the ones buying the products were almos the victims of those robbers, let me tell you that I totally disagree with your point of view, it is wrong to steal, but the ones buying the products, were also criminals. Or are you people, starting to behave like many countries that blame the Americans, for bribing corrupt politicians and hence the poverty in many countries around the world. IN OTHER WORDS, YOU ARE BLAMING OTHERS INSTEAD OF YOURSELF…..HOW LOW HAVE YOU PEOPLE FALLEN !!!...AMAZING, YOUR FOREBEARS, MUST BE TOSSING AND TURNING IN THEIR GRAVES IN DISCUSS. If those Chileans are robbing AND YOU PEOPLE ARE BUYING….WHOSE FAUTL IS IT FOR BUYING “HOT STAFF”?....IT IS YOURS AND DON’T BLAME OTHERS, THE ROBBERS ARE AS MUCH CRIMINALS AS WHAT YOU PEOPLE ARE…THAT SIMPLE….SO, START BY GETTING REAL !!!...

it's going to work. Canada wont go to sell in EU or China it's over seas way to long and most of the times still has to go thru the US lol it's to costly for one, and EU just wont cover all the cost, forget the logistic nightmare. US is like a 2 hour drive away!! big big difference. So simple, trumps tariffs will make Canadien companies sell there product higher so they dont lose to much profits. what does that do? US wont buy! then companies shut down, people loose their jobs. very simple. Many go on welfare for a year, when they run out older one or less educated one cant find jobs etc...Trump will kill Canada plain and simple. that's it that's all. He want our resources and will do it, we are done for. this will also kill truck drivers and many many many side workers. until we are part of the US.

Canada is the worse place to live in. USA is doing the right thing to pull back industries and putting tariffs. Better to put aleast 50% tarrif on Canadian products.

God job brother …those ladies are the production machines of Muslims

Oh Canada ??... Your President doesn't want to guard your Border so y'all not buying American products. I got it your lack of Border security is ??? so keep on keeping up the uneducated plan.

Illegal Immigrants looking for handouts and not being productive citizens DISGUST me. If they are civil and productive members, I have some leniency so long as they become legal citizens. There is nothing wrong with immigration as long as it’s done legally and they remain law-abiding citizens. If my tax dollars go to harboring criminals, of course I’m not gonna be supportive.

They are running to the US boarder because there up to be deported from Canada. It's a 2 way problem people and products (gun's) are coming into Canada from the US.

Another product of the Democratic party ?⚖️??

It’s not as difficult to expel illegal immigrants as the government portrays it. With today’s technology couple IT guys could handle it. There’s no need to spend millions on the army or fences. There’s no shame in adopting someone else’s productive experience. Just look and learn how it’s done in Saudi Arabia or the Emirates. Lock bank accounts a month before visa expiration until visa renewal, international money transfer upon presentation of valid visa, entry to theme parks - movie theaters - schools- colleges only with US driving license or valid visa, etc

Voters get the government and policy they vote for. The politicians they vote for are woke progressive virtue signaling egotists who think they know the correct answers and want to appear as good and kind and compassionate. In reality they don’t know what they are doing and end up hurting the people they claim they want to help being mainly criminals, illegal aliens, mentally ill, homeless and drug addicts. They don’t care about law abiding, honest, tax paying productive citizens. So, those people end up getting the government they vote for.

Productive family oriented people who contribute to their community aren't looking to immigrate to the USA

I can envision a situation where Trump targets Australia next with his aggressive policies. In response, we should consider implementing a boycott against American products and establish tariffs on imports from the United States. It's essential that we stand firm and refuse to let Trump and his administration intimidate us into submission. Australia deserves to protect its interests and maintain its sovereignty in the face of such bullying tactics.

American needs only Chinese and Chinese plastics products Trump love to made china ?? he proud of china and money he no human heart because what he said to Ukraine ?? ? I am not Indian but I am tried Trump he is not good President

Why can't India Do the same to US people who are here like that. Legs chained hands cuffed . And also make our rules strict. Rule is Rule where ever we are. Our Indians must be proud to earn here in India, even if it is little. Your dignity is not lost. Slow and steadly you can make Money. It's a digital world. Young Indians can become enterprenurs here giv jobs for our youth. Train them skilfully. Indian Govt. Must provide jobs and easy the rules for business.\nThe world is looking at India to sell their products. We won our independence long Back. ??. PM must provide jobs for all those who have been deported. Pass a law to all states to accomodate them.

1.5 billion is a huge number....need to focus on condom production ......

There is no need for chains and handcuffs. American always overdo and try to humiliate others. Illegal immigrants are a product of wests aggressive interference in other countries and taking over their resources. They strip the countries bare, wage wars, and leave nothing for the nation to survive on, especially the poor. So the poor go to the rich countries to survive.

I will stop buying any US made products. US imports 60 % of oil and rear minerals. Stop the Anerican imperialism.

migration is a natural thing; every creature migrates to find a better home or habitat... migration happens all the time; but migration can also be caused by humans who push their society out of scale when they had the ability to live within their means....unlike other life in migration which instinctually stay in scale to keep the forest in balance, humans have the ability to control their home population borders and create a peaceful and productive society; or humans in their free will and as thinking creatures can then on the contrary allow security to fail and allow chaos to rule between... a peaceful and secure home begins with secure doors and windows; as well as being a responsible bread winner to keep everybody fed inside

Boycott all American products in India

Please all buycott US products

YOU GUYS LET NAZIS GET THE POWER IN USA. Y'ALL KNOW WHAT YOU DID? \n \nThe USA external, environment and climate policy will destroy our planet, we need to stop Trump right now ! \n \nResistance to the nazis! Marvel reported this moment in Captain America 2. \n \nThe only way to save America from the nazi-fascist regime is all people over the world stop buying products and services made in USA. \nIt is a drastic measure but it will put the regime down, when your measures reach most richests pockets out causing them finantial damages, \nthey will put the congressmen to do the impeachment. American people will suffer in a first moment but will cure the disease.

I don’t like Bullies and trump is a bully\n\nSo for me, I’m putting Made in America products LAST. If there are alternatives to American products then I buy alternatives . \n\nSomethings are unavoidable- like apple products but I buy 1 new iPhone every 4 to 5 years. \n\nHouseholds don’t have to buy many high tech American products. We don’t have to buy American cars or refrigerators or ovens. \n\nI don’t drink Starbucks or eat macdonalds. I prefer smaller local cafes and support local businesses. \n\nIt’s impossible to be pure. But just because it isn’t doesn’t mean that American companies won’t feel the pain\n\nI won’t holiday in the USA either.

A subject I haven’t heard in this podcast but may be in the comments \nThere are also a large number of natural disasters in the US that are not nearly as frequent in Canada\nThis is not to say Canada doesn’t have disasters,but they seem more severe and far more frequent \nThis coupled with the political opposition to dealing with them (ie. power outage in peurto Rico,wild fires in California,Hurricanes,power grid failures in Texas)scare me as a Canadian who feels confident in this countries absolute determination in help response \nTo be honest,the US adversary attitude towards its own people,seems very counter productive

Did our govt know this is how they will bring our citizen as slave. Shame on this govt. This is how the Britisher treated us and now US? Boycott US product

boycott american products & app ?

That's why I don't patronage american product. They are number 1 enemy of india

This will crumble the canda's economy more and people will suffer, canada already have housing problems imagine stacking up with more life necessary products. America will get away with printing more dollars, its canada who will suffer a big time, dont pullout a brexit here by changing the economic reforms.

Update 3/2/25 Canada and Mexico caved to Trump's demands and are giving him what he wants, the stop the flow of illegal aliens and drugs into the US on the Mexico/US/Canada borders. Canada and Mexico now joins Columbia, Venezuela, and Panama for countries bending the knee to Trump's demands. This video did not age well with Trudeau imposing tariffs on American products into Canada.

Trump has put the USA in a world of Hurt. China has just imposed a 100% ban on the export of all product using precious metals to the USA. Pretty much everything we use today has a component in it made of precious metal, military equipment, cell phones, tv ,telecommunication equipment, Automobiles and many many other things. Canada is still selling the raw metals to China and receiving the chips and circuit boards back to continue their production process.....If you think Covid disrupted the production process.....Just wait USA is in for a world of economic hurt.

Canadas population is less than Cali. \n\nYou guys buy nearly every other product produced by America. \n\nAmerica doesn’t need your products tho. \n\nAlso just Cali, produces as much GDP as Canada does. \n\nY’all really think this is gonna matter in the long run? What if we impose 200% tariffs on Canada? What would they do?\n\nThey’d becomes the 51st state that’s what.

We Europeans do not need the USA, in fact without the USA we Europeans are better off. Europeans, stop buying from the USA, stop importing US products, Europe needs China and not the USA, stop giving money to NATO, let's start dismantling the US bases in Europe that are useless and only cause environmental disaster and cancer deaths. No more oil from the USA, does Europe need oil? The answer is Saudi Arabia even if it would be better to eliminate oil for hydrogen. The highest concentration of hydrogen in the subsoil is in Europe. European technology is unmatched, which is why NASA is asking Europe for help in designing, most doctors and researchers in the USA are European. So Trump is the usual clown, if Europe were to close contacts with the USA in favor of Eastern Europe, like China and Russia for gas, the USA alone would be finished, an economic crisis that would destroy the USA. Europeans, stop buying from the USA, let's leave them alone, let's buy from China

Put 100% tariffs on Tesla evs. That way it will hurt him more than putting tariffs on anyother product. Also allow Chinese evs on the market and see how he looses it. Elon musk has invested huge sum of money on the trump campaign. If he suffers so does Trump.

It's not zero sum game. It's pretty foolish for US to treat Canada such a way, they are not only their neighbor but, their ally. Furthermore, US crude oil production is at deficit if compared to their consumption. So, if Canada stop exporting crude, US economy and industries will collapse.

Trump says EU tariffs will ‘definitely happen’ as Mexico, Canada and China retaliate \nTrump takes softer line on UK, saying ‘I think that one can be worked out’, while Mexico and Canada vow levies and to strengthen ties with each other \n \nPhilip Wen, Léonie Chao-Fong and agencies \nMon 3 Feb 2025 03.57 GMT \nShare \nDonald Trump has threatened to widen the scope of his trade tariffs, repeating his warning that the European Union – and potentially the UK – will face levies, even as he conceded that Americans could bear some of the economic brunt of a nascent global trade war. \n \nIt comes as Trump’s tariffs on Mexico, Canada and China, announced on Saturday, sparked retaliation from all three countries. Mexico and Canada have vowed levies of their own while China and Canada are seeking legal challenges. \n \nTrump said on Sunday night that new tariffs on the EU will “definitely happen”, repeating previous complaints about the large US trade deficit with the bloc and his desire for Europe to import more American cars and agricultural products. \n \nEmpty shelves remain with signs ''Buy Canadian Instead'' after the top five US liquor brands were removed from sale at a British Columbia liquor store in Vancouver. \nAsian sharemarkets tumble in response to Trump tariffs \nRead more \n“It will definitely happen with the European Union, I can tell you that,” he told reporters. “I wouldn’t say there’s a timeline but it’s going to be pretty soon.” \n \nTrump appeared to take a softer line on the UK, citing a good relationship with prime minister Keir Starmer while saying tariffs still “might happen”. “The UK is out of line but I’m sure that one, I think that one can be worked out,” he said. \n \n“Well Prime Minister Starmer’s been very nice, we’ve had a couple of meetings, we’ve had numerous phone calls, we’re getting along very well, we’ll see whether or not we can balance out our budget.” \n \nIn Canada, the department of finance published a list of US products imported into Canada that it will target with a 25% retaliatory tariff starting on Tuesday. \n \nThe list shows products that will be hit in the first round of retaliatory tariffs by Canada starting on Tuesday, and mounts to $30bn Canadian dollars’ worth of goods (about US$20bn). The impacted products include tobacco, produce, household appliances, firearms and military gear. \n \nCanada is also preparing for a second, broader round of retaliatory tariffs in 21 days that will target an additional C$125bn (US$86bn) worth of US imports. The second list would include passenger vehicles, trucks, steel and aluminum products, certain fruits and vegetables, beef, pork, dairy products and more. \n \nFILES-US-CANADA-MEXICO-CHINA-TRADE-TARIFFS<br>(FILES) US President Donald Trump speaks to the press after signing an executive order in the Oval Office of the White House in Washington, DC on January 31, 2025. Trump is imposing steep tariffs on major US trading partners Canada, Mexico and China, with a lower rate on Canadian energy imports, said the White House on February 1, 2025. Washington will impose a 25 percent levy on imports from Canada and Mexico, with a 10 percent rate on Canadian energy resources, until both work with the United States on drug trafficking and immigration. Goods from China, said the White House, would face 10 percent tariffs. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images) \nTop Democrats warn tariffs will hit Americans hard as Trump says it’s ‘worth the price’ \nRead more \nClaudia Sheinbaum, Mexico’s president, said her government will provide more details on the retaliatory tariffs she ordered on US goods on Monday. Sheinbaum, in a statement on Sunday, said she will announce details on her government’s “plan B” as she insisted that Mexico “doesn’t want confrontation”. \n \n“Problems are not addressed by imposing tariffs, but with talks and dialogue,” she said. “Sovereignty is not negotiable: coordination yes, subordination no.” \n \n'Coordination yes, subordination no': Mexican president responds to Trump's tariffs – video \nSheinbaum and Canadian prime minister Justin Trudeau spoke by phone on Saturday after Trump’s administration imposed the new tariffs – 25% on goods from Canada and Mexico, with a lower rate of 10% for Canadian oil, and 10% on imports from China. \n \nTrudeau’s office said in a statement that Canada and Mexico agreed “to enhance the strong bilateral relations” between their countries. Canadian officials have had extensive dialogue with their Mexican counterparts, but a senior Canadian official said he would not go as far as to say the tariff responses were coordinated. \n \n“Now is the time to choose products made right here in Canada,” Trudeau posted Sunday on X. “Check the labels. Let’s do our part. Wherever we can, choose Canada.” \n \nTrump acknowledged the sweeping tariffs he has imposed on Mexico, Canada and China may cause “short term” pain for Americans as global markets reflected concerns the levies could undermine growth and reignite inflation. Asian markets, cryptocurrencies and US and European stock futures slumped in early Asian trading on Monday. \n \n“We may have short term some little pain, and people understand that. But long term, the United States has been ripped off by virtually every country in the world,” he said. day, Trudeau said: “We’re certainly not looking to escalate, but we will stand up for Canada.” However on Sunday evening, a senior government official from Canada briefing reporters in Ottowa on condition of anonymity said: “We will obviously pursue the legal recourse that we believe we have through the agreements that we share with the United States.” \n \nThe official said the Canadian government considered the move by Trump illegal and said it violates the trade commitments between the two countries under their free trade agreement and under the World Trade Organization. \n \n“If other legal avenues are available to us, they will be considered as well,” the official said. \n \nCanada is the largest export market for 36 states, and Mexico is the largest trading partner of the US. \n \nCanada and Mexico ordered the tariffs despite Trump’s further threat to increase the duties charged if retaliatory levies are placed on US goods. \n \nChina also said it would file a lawsuit against the tariffs. The imposition of tariffs by the US “seriously violates” World Trade Organization (WTO) rules, China’s commerce ministry said in a statement, urging the US to “engage in frank dialogue and strengthen cooperation”. \n \nFiling a lawsuit with the WTO would be a largely symbolic move that Beijing has also taken against tariffs on Chinese-made electric vehicles by the EU. \n \nThe commerce ministry also said the tariffs were “not only unhelpful in solving the US’s own problems, but also undermine normal economic and trade cooperation”. China has said it would take countermeasures to “safeguard its own rights and interests”. It is not clear exactly what form these will take yet. But for weeks Chinese foreign ministry spokesperson Mao Ning has said Beijing believes there is no winner in a trade war. \n \nLate Sunday night, Trump said he would speak with Trudeau on Monday morning and shortly after said he would speak with Mexico as well, although he did not specify that he would speak with Sheinbaum. \n \nBeyond the official response, people were already thinking of ways to cope with Trump’s decision, including by sharing suggestions on social media for alternatives to US products. \n \nCanadian hockey fans booed the US national anthem on Saturday night at two National Hockey League games. The booing continued on Sunday at an NBA game in Toronto where the Raptors played the Los Angeles Clippers. \n \nFrom left to right, Toronto Raptors forwards Bruce Brown, Scottie Barnes and Chris Boucher react as fans boo the United States national anthem before NBA basketball game action against the Los Angeles Clippers in Toronto, Sunday, Feb. 2, 2025. (Frank Gunn/The Canadian Press via AP) \nToronto Raptors fans boo US national anthem after Donald Trump tariffs \nRead more \nOne fan at the Raptors game chose to sit during the anthem while wearing a Canada hat. Joseph Chua, who works as an importer, said he expects to feel the tariffs “pretty directly”. “I’ve always stood during both anthems. I’ve taken my hat off to show respect to the American national anthem, but today we’re feeling a little bitter about things,” he said, adding that he will start to avoid buying US products. \n \nIn the streets, people in Mexico were trying to absorb the announcement on Sunday, although some in the capital acknowledged that they were unaware of the measures. \n \nIn the border city of Mexicali, across from Calexico, California, some people were concerned about the wider implications of a trade war. \n \nDriver Alejandro Acosta says that he crosses the border weekly in his truck to deliver vegetables to US companies. He said he fears US businesses in the Mexicali Valley will no longer want to operate in Mexico and they will move to the US. \n \n“If they raise taxes on the factories here, jobs may also decrease,” he said.

Tariffs are consumer taxes on imports, collected from your own citizens, whenever they buy products or services from other countries. Trump said he would reduce taxes. He told voters other countries paid for Tariffs. They Don’t. They just lose sales, due to diminished demand. Tariffs are another way for the US government to tax its own people and reduce its trade deficit . It’s probably about time. USA has had a trade deficit every year, since 1970.