Production is being sent offshore for a fairly straightforward reason: who's going to invest in a country in which businesses are saddled with a punishing array of useless ingredients like carbon taxes, payroll taxes and endless environmental studies to name but a few? Add to that the now constant threat of a blockade of either your product outlet or your supply chain. If we got rid of these barriers, maybe companies would be willing to invest in Canada. As it stands, they are practically being told to get lost.
Otherwise, globalization in and of itself is not the problem. Because we have adopted an irredeemable fiat currency we have also adopted a regime of unstable (and presently falling) interest rates. This instability makes economic calculation more hazardous than it needs to be. In the falling cycle, business becomes manically obsessed with just in time production. As interest rates fall, the cost of inventory rises. What happens when they hit zero? Cost of inventory rises to infinity? That won't be good.
Otherwise, globalization in and of itself is not the problem. Because we have adopted an irredeemable fiat currency we have also adopted a regime of unstable (and presently falling) interest rates. This instability makes economic calculation more hazardous than it needs to be. In the falling cycle, business becomes manically obsessed with just in time production. As interest rates fall, the cost of inventory rises. What happens when they hit zero? Cost of inventory rises to infinity? That won't be good.
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