Jesse

en/fr (Learning 🇳🇱)
végane/environmentalist
Trent U Environmental Science / Biology

[James E. Thorne @DrJStrategy]

Canada: Crying Over Spilt Milk in a Self‑Inflicted Stagnation

Canada’s elite have spent a quarter‑century turning a rich, opportunity‑dense economy into a slow‑growth, over‑levered cul‑de‑sac, and they still insist nothing is structurally wrong. There is no sense crying over spilt milk about past mistakes when the architects of this stagnation are still in charge and still in denial.

Canada did not just drift into secular stagnation; it embraced a kind of virtue socialism and an industrial policy anchored on climate change targets rather than productive capacity, competitiveness, or growth. An economy built on world‑class natural resources, strategic geography, and human capital has been deliberately downgraded into a housing‑addicted, low‑productivity balance sheet recession risk, and the people who did it still show up on panels calling this “resilience.”

For years, Canada’s comparative advantages in energy, resources, and industrial capacity were something to apologize for, regulate to death, or tax into oblivion, while policy and capital chased the illusion that you could mortgage and virtue‑signal your way to prosperity. The result is a country flirting with a liquidity trap, where even lower rates may barely move a real economy suffocated by over‑priced assets, under‑built productive capital, and households too damaged to borrow again.

The real scandal is not that Canada faces secular stagnation; it is that the elite engineered it, denied it, wrapped it in climate rhetoric, and now blame external shocks while the data scream that this is a made‑in‑Canada crisis.

To be clear, Canada’s problems are not the result of President Trump!

If Canada’s elite will not finally admit that decades of attacking its own strengths, worshipping its own bubbles, and treating industrial policy as a morality play have left the country one downturn away from a full balance sheet recession, then they are not guardians of the national interest, they are custodians of decline, and at this point, there really is no sense crying over spilt milk, only over the refusal to fix the mess they made.

[Martin Pelletier @MPelletierCIO]

Carney will allow the loonie to get crushed in order to keep rates low to fund his deficit. People finally clueing in

[Jesse @cooljessedude]

@sam_dali19 @RM_Transit Nah it was a mutual agreement (mairesse + première ministre) to cancel. But the protests occurred at the municipal level, so I suspect Plante played a bigger part in its cancellation.

[Jesse @cooljessedude]

@OrevaZSN yeah, it's plastic. What do you think your running shoes are made from? What do you think the 'rubber' soles on your leather shoes are made from? Where do you throw your leather shoes after you no longer wear them? They are not compostable.

[Corey Walker 🇺🇸 @CoreyWriting]

Ok? There’s nothing wrong with that.

Gen Z is so weird about the age gap thing.

[Jesse @cooljessedude]

@ColdEmpanadas Yes.. are you aware how predator/prey relationships work in nature? When you release a supplementally-fed predator into nature, it can hunt its prey to extinction without being affected in numbers itself. That is not natural.

[Jesse @cooljessedude]

@ColdEmpanadas @sibaburck So until capitalism is overthrown, you will continue to pay for animals to have their necks sliced on a rotating blade at a fraction of their lifespan? Why not eat plants and 'overcome capitalism'?

[Jesse @cooljessedude]

@EvanMeiste Is there a competition between anonymous twitter losers to say increasingly stupid things just to get Eric's attention?

[Imran ₿ @niharipaya]

@MikePMoffatt Canadian Real Estate is the biggest scam out there, it will lead to the destruction of our economy and cause massive damage to our nation.

A country cannot grow and prosper if its young people cannot even afford a starter home, get married & have a family.

Canada 🇨🇦 wake up.

[Jesse @cooljessedude]

@tsmitheman @kasonxiv @EricDLombardi So what you're saying is not only can homes not decrease in value, nor remain stable, but they have to INCREASE from their already overvalued number? This is delusion. Home prices have to come down for the health of our society in the future, or family formation will collapse.

[Jesse @cooljessedude]

@tsmitheman @kasonxiv @EricDLombardi I think it's pretty obvious that homes are way overvalued. The solution is pretty obvious. You're acting like it was reasonable for housing to become this detached from incomes.

[Jesse @cooljessedude]

@KieMc6 what a surprise, its a shitbull type dog with a big buttcrack running down its skull. Worst dogs ever, owned by the trashiest people.

[Jesse @cooljessedude]

@tsmitheman @kasonxiv @EricDLombardi I promise the problems that will stem from locking all younger generations out of appartement/home ownership will be far far worse.

[Eric Lombardi (EricForOLP.ca) 🇨🇦🚀 @EricDLombardi]

Most politicians aren’t honest about our housing system disaster, because the truth is hard.

For housing to be affordable again, prices need to fall.

That’s exactly what federal and provincial governments bailing out big condo developers are trying to stop.

And I get it!

- - -

Falling home prices means many businesses, people, seniors, and families will lose wealth in real estate.

But it’s unavoidable.

Anyone saying otherwise is lying and has no intention of fixing things.

By 2035, I want price-to-income ratios for housing in Ontario fall to 5:1, which is considered “balanced” (see chart).

I would also like to see the price of market rents for 3B fall to under 30% of family income.

By being honest about this, I can also speak to the “losers” of change, promise help those who need it through the affordability transition, and ultimately enable greater economic confidence.

It’s also worth saying that maintaining “flat” prices with rising incomes won’t work for two reasons:

First, because it will take 30 years if not longer to restore true affordability.

Second, because the high cost of housing has undermined our productive economy and its ability to generate income growth in the first place.

- - -

For 30 years, municipal, provincial, and federal governments, progressive, Liberal, and Conservative, have mismanaged our housing system.

It was not a partisan failure, but a failure of last generation’s political class to uphold the bargain of an attainable middle class life for the next one.

I’m not running for Ontario Liberal Leader to defend these failures, but to acknowledge them and then offer a real path forward.

I have 5 priorities:

1) Fix our housing supply system through land use, permitting, and building code reform.

2) Abolish taxes on new housing (and moving) while repairing municipal finance by making cities more than whole.

- - - 1 & 2 can lower the cost of building new homes by 30% or more. It will get industry building again and produce better quality housing. - - -

3) Help young people buy homes earlier in life (ideally before 30) so they start families earlier. Yes, these ideas will boost demand.

4) Prevent downward mobility and financial entrapment for middle and working class homeowners, families, and seniors because of falling prices. These are the people governments should help (not big developers).

5) Invest in non-market housing to prevent at-risk Ontarians from ending up homeless and to help the very sick people we’ve allowed to become homeless get the care and treatment they deserve.

[Jesse @cooljessedude]

@m0id_butt @sibaburck How is it not sustainable for the body? How have I put on muscle mass despite being vegan for 8 years now?

[Jesse @cooljessedude]

@JSoda20 @cannotstopdoog I'm 194 cm tall

[Jesse @cooljessedude]

@Eric_OTooleMP @greenrose351 Get real mate... You just revealed yourself as another out of touch boomer who thinks young people care about 'Trump' accusations. Nah. I care way more about the housing crisis.