Friday, January 9, 2015

Life in Canada, Home of the World’s Most Affluent Middle Class


This item and the underlying study pretty well confirms my sense of general trends over the past twenty years and particularly this past post crash six years.  In the USA, the middle class was targeted by fraudulent lending which has triggered the severely over sold housing markets and massively destroyed both fictive savings and real savings.

 So far Canada has avoided severe capital destruction through either any form of significant reckless lending schemes and the longer term effect of universal medical insurance.  There still remains areas to improve, but even there we fare better than the USA.

It needs to also be noted that our lower non participants also do generally much better as well.  It is still seriously imperfect but doing better is also part of the landscape.

Add in the minor fact that Statistics are generally manipulated as well and you really have to take a look yourself.  Do that and you find far too many clear pockets of real poverty in the USA which are rare in Canada.  Throw in the massive police build up and crime culture on top of that and those statistics are grossly misleading.  Remember that a mansion on a hill is not an economy.

Life in Canada, Home of the World’s Most Affluent Middle Class

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