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by rich_sasha 145 days ago
I think about optimising between investment and consumption a lot recently. It's like GDP per capita vs. quality of life.

Canada, and much of Europe, optimise for QoL. But in Europe at least, this impinges on people's mental ability to invest in growth, to have a risk taker mentality and "ownership of your own life" kind of thing.

US is the opposite. Screw QoL, screw inequality, go for growth and the rest will come. The poor will get more crumbs if the country grows more quickly, and over time will be better off than those in generous but stagnant European countries. Maybe.

Is Canada somehow finding a happy path? I'm getting mixed opinions. But would be great to know what Europe could learn from our friendly North American cousins.

From my side I can say, I visited Canada twice in my life, a very long time ago, and absolutely loved it. So I'm always rooting for the Maple Leaf people vs Team Orange (headed by Agent Orange..?).