Is Canada Outperforming the UK economy?

A look at the relative strengths and weaknesses of the UK and Canadian economy.
Contents
00:00 Intro
1:15 Economic Problems
2:44 Immigration
4:22 Housing
6:10 Fracking
8:40 Debt
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ABOUT
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► www.economicshelp.org was founded in 2006 by Tejvan Pettinger, who studied PPE at Oxford University and teaches economics. He has published several economics books, including:
► Cracking Economics. www.economicshelp.org/shop/cr...
► What Would Keynes Do? Amazon amzn.to/2xShqq4
► Economics Without the Boring Bits amzn.to/48T1hA9

[@economicshelp]

More on issues around Canadian economy on my new global channel. kzbin.info/www/bejne/pmLNkqqKp75lq68

[@matpk]

Scotland Wales and England are welcome to join the EU 🎉😂❤ to improve economy 😮😅😊

[@andrewbishop3078]

As a Brit who has lived in Canada since 2006 and is now in my mid 20s, it’s not great here either. Biggest difference is the job market is WAY more competitive it’s almost impossible to get reasonable jobs

[@michaellucas4873]

Anyone wishing to move to Canada would most likely get a job, but the cost of living is dreadful. And oh, remember to bring a tent.

[@MatthewRivers-Davis]

Pure gold - thanks, Tejvan

[@Trecesolotienesdos]

your vids are well done. You cite the nuances without any ideological biases attached.

[@davepubliday6410]

Why wouldn’t Canada do better than anyone. 35 million people in the 2nd largest country in the world, so much resources for so few people. What’s surprising is that it’s not more wealthy.

[@Etaoinshrdlu69]

It's not doing better because of the climate. Northern America is like Russia in temperature. UK is a mouldy rock. US sunbelt and Australia have great weather so the upper middle class go there. Also size attracts growth. The bigger you are the more you grow without even having to find a niche. Also 90% of the S&P is intangible wealth in large caps. All other countries lack a tech sector like the US. The biggest we have in Canada is Shopify which replaced Blackberry before it which replaced Nortel before it.

[@detectiveofmoneypolitics]

Economic investigator Frank G Melbourne Australia is following this very informative content cheers Frank 😊

[@shaydza]

Maybe with that population density, you really shouldn't be importing more people until all the locals are in their own hourse etc?

[@roryoneill9444]

Good video.

[@matveyshishov]

How does "satisfaction with life index" work that countries with higher SWL values are below those with lower SWL in the ranking? Austria and Iceland with 260 are 3 and 4 places, but The Bahamas with 266 are placed 5, and Bhutan with 253 is below the US with 246?

[@OptimisticHominid]

The Telegraph is full of shit - our health service is similar to the NHS, but in a better state

[@NexusGamingRadical]

Ngl, scrapping the NHS would probably make me migrate elsewhere.

[@Muxxyy]

Where? UK is the only country with such a healthcare system - and for a good reason, it is unsustainable!

[@acommenter]

6:43 - gas prices are highly regional the us gas market is about (at the time of writing) is about £2.50/mbtu and the uk is about £7.00/mbtu

[@drifty_grifty]

So therefore fracking in the UK would be extra profitable?

[@C2C19]

Ban holiday rentals

[@SK-yb7bx]

GDP is nonsense. Take Ireland as a perfect example. Half of the GDP belongs to 6 people.

[@wafercrackerjack880]

And yet you use GDP to describe developing countries. It's useful when describing other countries you deem inferior, but it's useless when you are performing relatively poorly. And to add how wrong you are, even with Ireland's GDP a big illusion, Ireland is still richer in the sense that people there in general are earning more. Ireland might not have as much wealth because the UK suppressed them for so long, they are catching up. The UK is poor, but you can continue coping.

[@SK-yb7bx]

@@wafercrackerjack880 GDP is still a poor way to measure wealth, when one person has more wealth than the lower 50% of people in the country in Republic of Ireland. Ireland has a much higher standard of living than English, but that's not saying much. There is plenty of money about in Ireland, the problem like with pretty much everywhere, a top few own half the wealth and are living off of the productive. Look up Gary Stevenson.

[@SK-yb7bx]

@@wafercrackerjack880 They'll be "developing" a very long time.

[@pritapp788]

In most cases economies with vast natural resources will outperform service-based ones like the UK (whose situation is further worsened by its meticulous destruction of industry and manufacturing).

[@TheDeano4000]

Per square kilometer..

[@randomrandomness8743]

Fracking is such a nimby subject in the UK, no hope of that happening. Just like HS2, the subject brings the nimby brigade out of the woodwork. Nothing will ever happen in the UK with them around.

[@jimbojimbo6873]

Irelands GDP per capita is $126k!!?!?

[@vmoses1979]

Canada is outperforming the UK in every way - housing, healthcare, jobs - even when accounting for the record migration into Canada. But contrary to the Telegraph - fracking is a small part of the economy and taxes haven't been lowered in any meaningful way under the Liberals. Canada is a natural resource economy which are still demanded while the UK is a financial laundromat that shot itself in the foot with Brexit.

[@cianog]

Canada only has a few major cities so no matter how big the country there is not enough housing

[@BezJones]

I'm Canadian. What do you mean privatise healthcare? We have public healthcare in Canada.

[@economicshelp]

It was the Telegraph article, not always the best source of info.

[@keithmartin1328]

Most of the British press is hardly a reliable source of information.

[@Trecesolotienesdos]

Canada, unlike Australia, lacks the self-confidence to question having a king. Australia also has its own culture. Seems like the Aussies ar the smarter of Britain's "children".

[@A-tv366]

Uk not much jobs around yet

[@metamorphosis8813]

it is easy to outperform what is not performing at all

[@treyquattro]

smart Britons are leaving for Canada

[@djmonstrosity6971]

Nah.

[@puccarts]

Especially doctors

[@debbiegilmour6171]

The anglospheric part of the former empire is a busted flush.

[@nicolass7102]

Uk is not united anymore

[@treyquattro]

nor is Britain Great anymore (not that it ever was - Great Britain just meant Greater Brittany)

[@xismecwilliams9604]

It really isn’t and who caused that? It goes all the way back to devolution which in turn created new parties who only have the intentions of driving separation using anything and everything to push for independence. It also doesn’t help that the media only now push depressions, miserable content. They class their news as educational and informative but fail to tell the truth and fail to provide anything positive. In the last few decades the news has become more and more agenda specific to which people believe and fall for. If you compare the news now to what it was 20 years ago it is completely different. The UK population has now turned into a whinging nation due to politics and the news. Everyone is a victim these days and if it’s not miserable it’s not news.

[@debbiegilmour6171]

Good

[@xismecwilliams9604]

🤣 really odd, I did respond to this clearly advising why this is but my comment has been deleted 😆🤔

[@treyquattro]

@@xismecwilliams9604 the KZbin bot is on a tear recently, auto-deleting comments and de-monetizing channels.

[@andrepiper]

Canada is doing so badly, everything is failing and it's still outperforming UK, 😮.The UK sounds like hell.

[@rodneygray6978]

*Promo sm* 😊

[@zeusvalentine3638]

yes, the worst economy in North America is better then the worst economy in Europe.

[@tymciach5003]

Canada’s immigration has been all Uber drivers and welfare seekers. Crime is getting crazy here, isn’t the same country anymore