Annualized quarterly real GDP growth in Canada for 2018 averaged 2.1 per cent compared to 2.8 per cent in the U.S.
In the World Economic Forum’s recent Global Competitiveness Report, the U.S. ranked 1st and Canada ranked 12th.
Economic freedom is one of the main drivers of prosperity and growth, and the evidence shows that states with low levels of economic freedom reduce the ability of their citizens to prosper economically.
The self-styled “land of the free” is not as free as it once was—or as we in the United States think of ourselves.
When groups are pitted against each other, politics, not markets, determine resource allocation priorities and economic rewards.