Currents

CURRENT AFFAIRS, POLITICS AND LIFE IN VANCOUVER, CANADA

Wednesday, June 20, 2007

We're gonna be so stinking rich! Well, my country will be. I'll still be working...

We may have to start rethinking that self-image of Canada as a first world nation getting its economy exploited like a third world banana republic.

Yes, our economy is still far too reliant on raw commodities exports. And, yes, virtually anytime a Canadian company gets big enough to get noticed, it gets taken over by multinational sharks.

But for the first time ever, we're on the verge of becoming a creditor nation. Assuming we continue to ride the jetstream of petro-dollars and surplus federal budgets, our economy will be in the black by 2010.

Then we can just plug our surplus into a giant RSP for all of our citizens and we'll be on our way to joining the ranks of Sweden and Denmark.

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