[iggy_oi]

Originally Posted by Vedder

Well, first of all my original point was that GDP per capita is actually quite useful as a metric to measure our economy. You seemed to imply that you agree with Slava that it’s “meaningless”. That of course is ridiculous and the article articulates why it’s important. It may not be perfect, but it’s a tool that economists and govt’s use as a proxy for our economic performance.

I don’t agree with it being meaningless, just that there is nuance that needs to be taken into consideration when using it.

Second, you seemed to imply that our GDP per capita problems were solely due to population growth. As the article states, numerator growth is also a problem, and one that has a direct link to conscious policy choices that we have made, and continue to make……

Didn’t imply at all that it was solely due to population growth, was just using it as an example of something that has a negative impact on GDP per capita.

Things take too long here, our regulatory processes are too slow, and private capital has shied away from big projects that have a meaningful impact on GDP as a result.

Sure, but addressing the regulatory processes isn’t always as simple as making legislative changes. Especially as it relates to our provincial neighbour where the majority of it’s territory has no treaties signed over its land. I agree that addressing it needs to be prioritized though.