Liberals rely on the ignorance of voters to win
Episode Stats
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Summary
In this episode, I talk about how delusional some voters are in Canada, and how they vote for people who don't understand economics. I also talk about why Canada needs to invest in the tech sector, and why there's no business case for it.
Transcript
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Hey guys, Wyatt Claypool here. How delusional do voters need to be in Canada to keep re-electing
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the Liberals? Well, I'm going to give you an example today. This isn't going to be a very
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long video. I know I'm not covering anything substantially news-based, but I found this
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annoying enough that I wanted to talk about it. Check out this post from this person called
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Syntheticus Humanitas. They say Canada is poorer today relative to our peers than 20 years ago
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because we utterly fail to have a tech sector. Resource extraction is third world economics.
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We put too many eggs in real estate and the effing oil sands and not nothing tech. Now, my goodness,
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this is how the Liberals are able to get re-elected. People who truly don't just not understand
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economics, they don't want to understand economics, and they will vote for whoever says delusional
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things like, we're going to invest in our tech sector while not actually proposing to cut corporate
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taxes. I need to read you a bit of a thread of a back and forth between this person and another
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person online. Both these people, I don't know who they are in real life, which I think is a good
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example to give, so I'm not picking on anyone I know. I'm just showing two people interacting,
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and demonstrating just how lacking in knowledge some people are, who sound off about politics
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every single day. And I can tell you, this person is constantly talking about every little political
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development that happens around the country, and this is the kind of perspective they have.
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We need to invest in the tech sector. So this person responded to them, Matthew Handelson, who says,
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one, if resource extraction is third world economics, why is Alberta so disproportionately
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wealthier than every other province? Good point. Two, who is the egg putter that failed to put the
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eggs into tech? And I think that is also a good point. This person also, I've seen them basically
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attacking conservatives, not this Matthew person, but this syntheticist person saying that conservatives are
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delusional for calling things in Canada socialist. Canada's not a socialist country, and you're silly
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for even describing anything as socialistic, even though this person is talking in terms of like,
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well, we put all of our eggs into the wrong basket. We, the market puts the eggs into the basket.
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We don't do anything. The government doesn't do anything. There's no, as Matthew says, there's no
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magical egg putter who failed to put the eggs into tech. The fact there was an investment into tech
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means that there was no actual case for putting things into tech. And this isn't from like the
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liberal perspective, whenever a pipeline project or mining project falls through and they say,
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see, there wasn't a business case. No, both in the case of tech and the case of energy. The reason
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why there is no business case is because the government sucks. I hate when the left pretends that
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no business case means that there's no conceivable way an energy project or mineral project could have
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gone forward when it's just the fact that like the government's policy is so bad that ended up
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killing the project. But anyways, I'll go back to their post and say, on their third point, they say,
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why do you think the US is so dominant in tech? Please reflect on this. And this person got back to him
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and said, the overwhelming majority of countries dependent on resource extraction are developing nations,
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not advanced first world economies. It's in no way a coincidence that Canada and Australia have the
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worst productivity in the developed world. And again, are there economies that mostly just deal in raw
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resources? Are those typically developing countries, third world countries? Yes. Canada doesn't mostly deal
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in resource extraction. We do a lot of it. But also, the sorts of things that we do tend to require
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a lot more technology. This isn't us, you know, harvesting coconuts. We're not harvesting like
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agricultural materials to then send to other countries, and then they're importing in some
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finished goods to us. We do a decent amount of manufacturing. We do a lot of service-based business.
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A lot of we have a big service economy. And yeah, oil and gas, softwood, lumber, those sorts of things
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are also part of it. We also do agriculture. But the whole point is usually that a developing economy
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is one where there really is only like one, two or three things that the entire economy does. And when
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you go to like Africa, those truly are economies outside of countries like Nigeria or South Africa.
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A lot of those economies are like two different agricultural products. And that's it. Or just gas.
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And that's it in the case of a country like Equatorial Guinea. There is nothing more than that one thing.
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But then we have Matthew Handelsson getting back and saying, this is so hilariously ignorant. Qatar
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and the UAE are solely rich because of their natural resources. Norway's sovereign wealth fund is solely
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funded by oil. A great example of a poor country with tons of oil is Venezuela. Remind me what
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economic system they tried? And this person got back to them again and said, Qatar and the UAE have
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populations less than 10 million each in land areas that are smaller than PEI. And Matthew Handelsson says,
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LMAO, so Canadians, Canada's poor because we have big populations that have a lot of land.
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Genuinely just give up. This is so sad. You're actually getting destroyed.
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And then the Syntheticus person says, Canada isn't poor. Our GDP per capita is 65,000 a year,
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which it isn't. I've looked it up. Our per capita income right now is, or no, per capita GDP is 57,000
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a year. And then when you actually go to median income, it's like 43,000. The economy isn't doing
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great. And by the way, per capita GDP has been going down quarter after quarter for about six,
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seven or eight quarters. I've lost track. But they go on to say, but the gap between Canada
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and the US has widened. And that has occurred because Canada has utterly failed to produce
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startups and value added industries. And I followed this up because I didn't want to have to wade into
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it in detail. I said, you're so off base, I'm not even sure you're on the same planet anymore.
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This is again, not to be a broken record, why the Liberals can win elections. I've also seen this
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person who claimed that they were previously an NDP supporter say that they weren't going to vote
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NDP anymore because the NDP said they were going to vote against the throne speech.
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So they said in this election, they voted Liberal to prevent the Conservatives from getting in.
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And now that the NDP are doing their jobs in theory and opposing the aspects of the Liberal
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agenda that they don't like, well, this shows why I can't vote NDP and I'm going to vote Liberal
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next time. So do everything to capitulate super hard to the Liberals or I'm going to vote Liberal
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again. You can't make it up at all. But yeah, these people don't understand the value in cutting
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wasteful spending, in cutting taxes, in cutting regulations. There are people out there and I've
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done thousands and thousands of doors knocked, not just in my home riding of Calgary Signal Hill.
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I've knocked on doors in other parts of Calgary. I've knocked on doors in Abbotsford, Vancouver.
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I've door knocked in Port Moody. I've done it in NIMO. I've done it in Ottawa. I've done it in Kitchener.
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I talk to people all over the country, typically voting Liberal, not to be rude, who actually just
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think, well, the government, we should just be doing more tech. We should just be diversifying. I've had
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university professors in economics classes or policy studies classes. It's not political science,
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it's policy studies, so it's supposed to be more serious than political science. And they'll say,
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well, see, the problem with Alberta is that we rely too much on oil and gas and we need to diversify
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into the education sector. Education sector, that's what we call a frill. If you're doing things right,
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you can put more money into education. What are you going to do? Try and create educational tourism?
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That's not an industry. Tech, even tech, is kind of a frill. You're only ever going to have a big
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tech industry when you get everything else right first. The reason why California can have a tech
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sector is just because it started up before that economy started becoming overtaxed and regulated.
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Even our oil and gas industry wouldn't have been able to get off the ground now if they had to start
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up in the tax and regulatory environment that we currently have. It needs to be an absolute top-down
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approach from government. When I say top-down, I don't mean in terms of they need to be taking lead.
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I mean they need to be reducing taxes and regulations if they're going to expect everyone
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else to actually be able to accomplish things. We have people out there, again, voters at the door
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thinking, well, let's just put more into technology. Why are we so reliant on oil and gas? Because
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everything else sucks. That's why. There's a reason why oil and gas is so, like, we are so reliant on it
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at the moment and it's because everything else can't get off the ground because of the current
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tax and regulatory systems. But you get people like this guy who just thinks that, well,
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basically it's just because we just haven't selected the right industries to invest in.
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Not that your industries that you invest in are kind of limited to how good the economy is to operate
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in in the first place. So this is also my call to the conservatives. I hope that they run next time,
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in the next election, on a policy to reduce taxes across the board every bracket and corporate taxes
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by 20%. That is actually what is required in order to get the economy back. Reduce taxes at least 20%,
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if not 30%, and then slash regulations. You could probably say, let's reduce the amount of text
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in regulations by 30%. Simplifying regulations, eliminating stupid regulations, codes, all these
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other rules you have to follow that don't actually make the economy better, don't make people's lives
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better, but all just add to bloat and add to more cost for companies having to follow ridiculously
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specific rules. Anyways, so this should be it for me in this video today, guys, falling over myself.
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Everything can't be as substantial. Hopefully you don't mind me going over discussions like this.
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Again, it's not news-based, but every once in a while I see something and I'm like,
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that is just defining a bad mentality I see all the time in Canadian politics. So if that synthetic
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person did anything for us, they have distilled the economically delusional voter who doesn't
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actually understand the value in lowering taxes and regulations. I know people, educated people,
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who will say that conservatives are simplistic by thinking that we need to cut taxes and regulations,
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get the economy back on track. Well, it's worth it. It's worth a college try. We've been doing the
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opposite for 10 years. So how about we go in the other direction and see how that works? Oh, that's
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simplistic. Okay, well, it works. So what are you talking about? Anyways, so guys, make sure to like
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this video, subscribe to the channel if you're not yet a subscriber, and leave a comment if you can.