Quote:
Originally Posted by 1stLand
Even 566.7 Billion is too large (Canada).
The system is definately broken.
If it wasnt for our oil and gas reserves, we would have a pretty bleak future as a country.
That video was spot on. Western Nations have lost their ability to produce and manufacture goods competitively.
Materialism and consumerism is out of control. The amount of entitlement American and Canadian citizen's have is worrisome.
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This is incorrect. We are just even better at things that provide a better return than manufacturing. Look up comparative advantage.
Think of it this way... Do you know how to make your own blue jeans or repair your own car? (neither do I)
Do you panic about that fact?
Most of us are better at other things than those two examples so we do and get paid for what we are good at and hire someone who is good at other things to do them for us rather than do it ourselves.
The same principles hold true on a national level.