Just look at grocery stores, grocers are down to a 3-4% margins on food, and have some of the most efficient logistics networks in Canada.
Contrast that to the governments involvement, they did the zoning laws for the land Loblaws sits, which they essentially turned companies like Loblaws into REIT which is how it derives most its net profit. Because it was more profitable for them to deal in land scarcity and appreciate from real estate speculation due to government caused shortages than it was to appreciate from selling products.
Well do you think wealth can really horded, isnt it true that if those rich people dont consume then the money supply grows, until somebody consumes. Which is how interest rates get so low in a recession, people stop consuming and the wealthy are made richer until somebody has the money and the desire to consume.
I've noticed he does a shit ton of videos on everything. I've looked up recent events like the NDP race card thing that happened recently in Canada and he was one of the only sources.
I think he has no life, and all he does is youtube videos, then he must get suggested by the algorithm that indexes his videos.
This seems like good advice, I fear we will all be affected eventually.
Microsoft no longer takes security very seriously, and thats what all these legacy servers are running on. Microsoft is opting for pumping out more and more AI slop and data mining, hopefully we can get to a point where servers are running docker containers with fully signed code rather than what theyre doing now.
Like I guess its cool if its possible, I mean it would be fantastic, but I have some questions and some doubts.
Where is the margin appearing, if grocery store profits in Canada are mainly due to real estate and their owned REITS then where are the savings coming from? How do we even know the government can do a better job?
Another question is how if theyre paying union wage, which they would as a left leaning policy, where do the efficiencies and low prices come from. If the person person buying food makes minimum wage as a pizza maker or walmart greeter is he subsidizing a union wage for someone providing him food?
Well thats great to hear about housing, thank you. I've believed Eby was the only true progressive in Canada for a long time.
As far as lopping off one of our main exports, thats pretty reckless obviously. Maybe prove the feasibility of green industries first, before we bankrupt ourselves attempting it. All that will happen if living standards fall is you'll get a MAGA style populist government to replace them, as oil jobs are one of the highest efficiency per worker jobs in the country.
The threat it faces is if it gets too big, then they will offer an alternative to USD for trading global assets. Which prevents the US from funding its massive social programs and military, or exporting its inflation.
Looking into it it appears to be subsidized by the US military budget, and is therefore funded by their exorbitant privilege. Would that be the plan, to borrow money to run them, while also paying union salaries and whatnot?
What MAGA doesnt understand is corporations need this cheap labor to keep wages down, so those who spent the effort and went to university can live better lives.
What Democrats dont understand is that decreased living standards for the poor leads to populism, leading to people like Trump getting elected.
In the end we are all assholes though as you say, everybody wants more for themselves and less for everyone else.
I do find it interesting hes only targeting oil and gas, ignoring all the other emitting or environmental degrading industries.
No talk about stopping imports from China, or rezoning real estate for density so we can actually utilize mass transit, or targeting our forestry and mining sectors; its like its designed to cater to a specific block of voters that will be unaffected.
We printed 40% more money supply during Covid debasing peoples salaries.
We did mass immigration into an existing housing shortage as corporations lobbied for cheap labor, to depress wages after we had inflation from the aforementioned money printing.
We now buy half of all mortgage bonds to make borrowing cheaper to further drive up asset prices, as Carney just announced he is buying up unsold condos in Ontario at an inflated price using borrowed public money.
So did capitalism do any of this, or do we keep voting in corrupt governments who continue debasing peoples salaries, enriching those holding inflation resistant assets like real estate and equities?
The problem with grocery stores in Canada is their margins on food are tiny, less than 4%. So a government run entity cant be appreciably cheaper.
Where Loblaws makes its real margin is real estate, which is a monopoly our government fosters and calls peoples nest egg, and they state openly that real estate prices cant be allowed to fall. As a franchise they lease this land out and profit off appreciation of their REIT, and have benefited tremendously from price appreciation like everyone else who owns land in Canada; appreciation caused by sprawled zoning laws, slow permitting time, mass immigration, and a massive greenbelt.
So you're calling on the entity that makes things unaffordable to make it affordable, which we just voted back in the same people who made things far more unaffordable the last decade. People had their say during the election, and they wanted higher asset prices; goods inflation is then collateral damage of high real estate prices.
Just look at grocery stores, grocers are down to a 3-4% margins on food, and have some of the most efficient logistics networks in Canada.
Contrast that to the governments involvement, they did the zoning laws for the land Loblaws sits, which they essentially turned companies like Loblaws into REIT which is how it derives most its net profit. Because it was more profitable for them to deal in land scarcity and appreciate from real estate speculation due to government caused shortages than it was to appreciate from selling products.