this post was submitted on 16 Feb 2025
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Tariff threats are already driving investment out of Canada (www.cbc.ca)
submitted 5 days ago by [email protected] to c/canada
37 comments fedilink hide all child comments
 

"Whether or not they ever be put into place, the damage is done," said Greig Mordue, a former auto industry executive and associate professor at the W. Booth School of Engineering Practice and Technology at McMaster University.

He says Trump's threats have already changed the landscape. Whether he goes ahead with the tariffs or not, or whether he carves out specific exemptions, the threat alone will drive investment out of Canada and into the U.S.

"For at least the next four years, there will be no serious investment in the Canadian automotive industry," said Mordue.

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[–] avidamoeba 28 points 4 days ago* (last edited 4 days ago) (8 children)

Keep in mind that we don't need private investment to do anything. We can always replace any amount of private investment with public. We cannot run out of Canadian dollars so financial capital is never a limiting factor unless we are ideologically opposed to public investment. Real economic resources such as people, materials, factories, know-how and so on are the limit and those haven't changed much. Talk about fleeting financial capital presumes the primacy of private capital. This position is purely ideological. Canada itself has a history of relying on public investment to build the country and its services in the form of crown corporations, many of which got privatized with the ideological shift in the neoliberal era. Nothing except this entrenched ideology is stopping us from doing that again.

[–] [email protected] 3 points 4 days ago (6 children)

Real economic resources such as people, materials, factories, know-how and so on are the limit and those haven’t changed much.

Yes but, well basically that. The government doesn't have all that shit, and is so stripped to the bone they can't even fund a website without getting conned by their contractors.

This is a reason the dip is self-limiting, and we shouldn't completely panic. This isn't a reason to go full Mao.

[–] Sicsurfer 2 points 3 days ago (1 children)

Mao isn’t the definition of socialism, which is what OP is talking about. Think the Nordic countries for a quality example on socialism, or early Canada. Communism is always defined by the dictators by people who have no understanding of communism

[–] [email protected] 1 points 3 days ago* (last edited 3 days ago)

If you go on to .ml or Hexbear, they'll straighten you out about Norway being socialist really fast. They're not right necessarily, since words mean whatever we make them, but they're around and their definition is actually the older one.

Communism is always defined by the dictators by people who have no understanding of communism

However, people who call themselves "communist" as opposed to just "socialist" are definitely not aiming for Norway, in my experience.

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