In the chaotic early months of his second term, Donald Trump has attacked the Canadian economy and mused about turning Canada into the “51st state.” Now, after decades of close allyship with the U.S., our relationship with America has suddenly become fraught. Which means that Canadians are now starting to ask what a more sovereign Canada might look like – a question Jim Balsillie has been thinking about for 30 years. Balsillie is the former co-CEO of Research in Motion, the company that developed the Blackberry, and is one of the most successful business people in Canada. He’s also one of the patriotic, which makes his recent criticism of our country that much more meaningful. As Balsillie has pointed out, our GDP per capita is currently about 70% of what it is in the U.S., our productivity growth has been abysmal for years, and our high cost of living means that 1 in 4 Canadians are now food insecure.
But, according to Balsillie, none of this can be blamed on Trump. He thinks that over the last thirty years we’ve clung to an outdated economic model and have allowed our politics to be captured by corporate interests.
So, with less than a week to go before the federal election, I thought it was the perfect time to sit down with Jim and ask him how we might build a stronger, more sovereign Canada.
Mentioned:
“Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS),” The World Trade Organization
“Reinforcing Canada’s security and sovereignty in the Arctic,” Prime Minister of Canada
“Ontario Welcomes Siemens’ $150 Million Investment to Establish New Technology Centre in Oakville,” news release from the Government of Ontario
Further Reading:
“We are all economic nationalists now,” by Jim Balsillie (National Post)
