• 6 Posts
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Joined 2 years ago
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Cake day: July 5th, 2023

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  • I mean it’s possible that it may have fallen some due to the relentless campaign against it in thr US, coupled with the typical leakage of American propaganda into Canada. The support for gay marriage was never 100% so it’s conceivable that it may have dropped a bit but I don’t expect a dramatic change or anything approaching a majority against. Not coming off of 79% approval in 2023.

    I really liked how Carney addressed the woke scare. He said that while America engages in a war on woke, Canadians will continue to value inclusiveness. Also he contrasted the US as a melting pot with Canada as a mosaic. Simple.







  • Last time I checked the OTPP wasn’t a major BCE shareholder. This seems to agree

    But that doesn’t invalidate the general pattern. I think the ownership of a large corporation by a labor union or its pension plan is an improvement over traditional ownership. Reason being that the negative externalities produced by such a corporation are felt much more by the union’s members who have much lower incomes than some fat cats. As a result these members have on one hand the incentive to extract value from this corporation, but on the other the incentive to not overextract.

    Another related thought I had some time ago is that if union density is very high and union members manage to extract the lion’s share of the company profits, then they’ll be able to accumulate much bigger savings. In such a reality the economic equation flips from having a financial system extract the value of labor for your pension to workers getting that value right in their paycheque, every two weeks. Of course there are other issues like some workers perhaps still not making enough for a decent pension due to the generally lower pay in some sectors. That’s why I think if union density goes high enough, we’d likely move to a much stronger national pension system.









  • If Mark Carney PM has any sense, he’ll invest significantly in CP, making it a universal letter and parcel carrier for Canada. Run it below cost, making every business shipping costs ultra low. Perhaps even get into an Amazon-like warehouse logistics where people can use their inventory management along with shipping. Eat Amazon’s lunch and allow every farmer and manufacturer ship direct to consumer without having to setup their own logistics operation. That’ll also undercut Big Grocer’s dominance bringing lower prices. Platforms like Amazon carry tremendous efficiencies but they should be run as national common infrastructure, not for profit.




  • They would still be cheaper. Labor is a small part of the cost of a car. If I remember correctly it was about 15%. Many of the Chinese EVs are cheap because they’re designed to be. Simpler, lower cost designs instead of luxury high end vehicles. Then of course they have much lower costs in their inputs due to most of their supply chains not operating at max profit margins, along with having more vertical integration that avoids margin stacking. If you have a Canadian BYD assembly factory that imports batteries and motors from China, the cost of making these vehicles wouldn’t be dramatically higher than making them in China. If you wanted to have a complete supply chain in Canada, including building the batteries, the cost would be higher. How high? No idea. Probably still cheaper than the alternatives, given the designs themselves are cheaper, but perhaps not dramatically so. If I were the PM, I’d be talking with them to start on the former with a 5-year plan on transitioning to the latter. Just so that we have the capability of producing EVs from end to end in Canada, even if most are assembled from imports. If the US opts to kill our auto industry, I’d be on the phone with BYD the same day.