Subbed and liked man, enjoyed watching this you've got to a video on Egypt's economy it's a hot topic with its potential of the new capital and it's huge human capital it has the potential to skyrocket but it needs to open up its businesses. All the best man I'll catch you in the next video!

Outstanding presentation! I happily subscribed to your channel a few minutes ago after watching this video.

What makes you an authority on this topic? seems like an amateur channel.

didn't know that Africa and south America were countries lmao

Keynesian economics are shit

Sounds like the path Australia is on

Then how is it the so called "Immigrants" are one of the highest earners and most homeless people are "Non Immigrants". Blame it on immigration if you are incompetent

It’s actually kind of insane how much the Canadian economy is tied up and mega corporations, way more than the US. Is that why phone plans are so expensive in Canada?

Agreed. I am really sad that this country’s leaders have lost their way. We try to solve all our problems by throwing hugely inefficient Government money at them instead of inducing the private sector to step up with less expensive inducements. The trouble with Socialism is eventually you run out of other people’s money. 😢

The more immigrants the higher the debt burden on the country too

@@tonybloomfield5635 In years past, housing was reasonably proportional to the incomes of those who would be interested in buying them - it was not a bubble. It has only been in the past few years that local home prices have completely decoupled from local incomes. This is a new phenomenon in the Canadian experience.

Big flaw stagnant wages, rising costs of everything, overpriced homes and low productivity and no emphasis on corporate valuation like the US or China.

I wonder if that is in any way linked to the "deregulation of financial services" in the 1980s. 🤔

YES! This decades-long mistake could get bad enough to not only undermine hope and optimism, but to cause civil unrest. The nabobs don't talk about this nearly enough.

Flaw would be an understatement. Theres no point in saving for a home in Australia from my experience. You'd have to move several hours out of the city and commute hours each day. The US has 50 states to chose from, we really only have 5 capitals but most of the jobs are in Sydney and Melbourne.

I forget the exact percentage, but a stupid high percentage of software engineering grads in Canada end up going to the states in stead of staying in Canada. With the salary differences, I don't blame them.

@@thereflextester_ with the amount of layoffs in the software industry right now, I bet a lot of them are regretting that decision now

@@sydguitar99 They still have more opportunities in the US than in Canada. In fact, this is a common theme across all industries. I just met a Canadian business grad who said most of his peers are working in the US, and he was among the last ones to move to the US.

@@elifuentes7070 that's Business, your original example was about software developers who are pretty much expendable now bc every industry is having mass layoffs of devs in the US, the unemployment benefits are terrible compared to the EU and even Canada. Also most of these sw jobs won't return to NA bc companies can hire overseas contractors for way cheaper

@@elifuentes7070 It will be shot lived because of impending de-dollarization. Even experienced IT workers working for top social media giants can forget about high salaries

🤣

Yup - tbh the moment I heard that I lost interest - such a simple thing to get correct - if he`s got this wrong, what else?

I was looking for this comment. I was flabbergasted when I heard that.

@@SimonTmte Yes, two, definitely not one. Sub-saharan Africa already has a big problem with Arabs coming down from the North and literally going on raids and enslaving the Africans. In the current year. It's insane. Not the borders seem to stop them. And no one in the west seems to care because it's not a fashionable cause with ivory tower egg heads and their students. Sigh.

@@clarissagafoor5222 As a Canadian I can confirm that he made our economy sound WAY better than it actually is. Notice manufacturing was only 15%. Not a big chunk of the economy, is it? So what are the actual major "industries"? Basically, a Ponzi scheme real estate market, and car theft after that are the two largest sectors of the Canadian economy.

Can't happen due to economics of scale. US is cheaper because it has the third highest population on the planet

Geography (distances) and climate impose additional costs that have to be covered - by the ultimate consumer. For Australia, not only are distances great (and transport networks terrible) north and south on the populated east coast, but also between the east coast and Perth on the west coast - a whole continent away. And in the middle (85% of the country) there’s no reliable water, a brutal climate and racist development restrictions, even before some crazy person decided to try to build a whole new industrial hub there. Why does Elon Musk think that Mars is the future, and not the Outback, where at least the atmosphere contains oxygen - because on Mars there’s no Martians (if you get my drift…). Australia is also much greater distance than Canada from all the “workshops” of the world - China & NE Asia, the US and Europe. The tyranny of distance applies not only to external trade, but also to internal. It’s a lose-lose, that can never be overcome unless productivity increases to a totally extraordinary degree. And that’s not happening…!

@@millenialmusings8451 This isnt true in the case of many Canadian industries. Grocer's sure. Not telecom, not healthcare. it would be relatively easy for Canada to heavily encourage diversification in this area. Nationalize the Telecom's infrastructure and rent it back to them. it never should have been built with private money in the first place. Heath care needs a rework top to bottom half of the issue is lack of Staff, raising wages to insane levels (travel nurses) and an administration wing that is far more interested in privatization than actually providing care. These issues aren't scale. its access restriction by the few who control the resources.

Did you hear about the grocer that was bought by a local council in the Western Australian town of Norseman? They're making a $3 million AUD annual PROFIT and reducing taxes. Should be a system rolled out nationally.

not that anyone wants the population for a bigger market

we shouldn't act on every forecast. It is best you speak with a market expert before making any investment decisions.

You're right, I and a few Neighbors in Bel Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.

Hello thanks for your response, I'm curious to give this a try. Please who is your advisor and how do I get in touch?

Well, I chose Amber Dawn Brummit as my advisor after her interview on CNBC In 2020. She is SEC regulated with offices in the US and quite frankly a genius with portfolio diversification.

I just found her webpage and read through her educational background and qualifications, which were all very impressive. So I scheduled a call with her.

Yes to send the convicts across at that time.

@@helloworld6126 I know they did with Australia but did they also bring convicts to Canada? I know the British made sure to settle enough people that it would outnumber the amount of French-speaking habitants in Canada but never heard about there being any prisoners

@@Entername-md1evThe British never really brought convicts to Canada, in fact it was the opposite as some Quebecois rebels were actually sent to Australia as prisoners.

I'm surrounded by Australians, and one Nz'r, ..........in Canada!!

@@Entername-md1ev The Brits dumped convicts in what is now the US for around 150 years until US independence in 1776. Meanwhile, the first British convicts didn't arrive in Australia until 1788, and that continued for 80 years. That's a "first" for the US that most Americans are likely not aware of, nor keen to publicise.

Most citizens being hundreds of kilometers within the ultimate brain drain vector isn't a clear "incredibly strategic position". Trade is more optimized around seaports than overland. The wealth per capita point if substantial, even if slightly weakened by Australia having 10% higher household debt.

@@TyInglis9001 Fair point on the brain drain, but the figures I mentioned represent net wealth, which already factors in household debt.

That depends how much Australia can sell to China as coal and iron ore. Canada has no such dependence. Also median income has no significance since most of the money sits with the "mining barons" and flows out of the country.

@@lakeofbays1622 Australia has always been at the top of median wealth statistics, even during bearish commodity years (e.g., 2012-2019). UBS keeps a record going back quite a bit. Contrary to popular belief, mining only represents 14% of Australia's GDP. The country's wealth can be attributed to its robust (compulsory) superannuation system, high minimum wage (highest in the world btw), and for better or worse, some of the most expensive property valuations around. The average Australian also spends much less on healthcare than the average Canadian, so there's that.

Most of that wealth is tired up in a house a lot of Australians can't afford there rent each week

Thats quite a pessimistic view of one of the best countries to live in, in the world.

​@@coma3550"one of the best countries in the world to live in" only if you can afford to.

I always think in this regard Australia is smarter than Canada. Why Canada allows the people to migrate - for those who cannot afford the cost of living in Canada such as Vancouver? The poor immigrants cannot resolve the shortage of labour problems but introduced the housing and other cultural and social problems. Quality is far more important than Quantity. For Canada’s case, US is the brain drain. Immigrant just uses Canada as the stepping stones.

As a Canadian living in Australia, I'd have to say Australia is a far cheaper place to live than Canada. Canada has really shat the bed in recent years, went back to visit this past winter and the price of everything is insane. Rent is more, houses cost more, food is more expensive, phone plans are downright predatory, and petrol is a luxury. Not to mention I get paid $15AUD more in Australia for the exact same job I was doing in Canada. Hoping for a brighter future for both our countries!

I'm doing okay on just 75k pa at the moment, only because I live 40min from the CBD (Sydney), but yes, I definitely remember a time when it was MUCH cheaper and easier to live, even just 5 years ago. For example, adult movie tickets being $25-30 nowadays is just insane. I remember just 3 years ago when I spent $17 on the same thing and I thought that was crazy. You can barely treat yourself to anything these days.

I think Canada has a better position geographically to piggy-back off the USA. They can encourage US business to move there and stay on their same time-zones. They can boost more tourism and encourage it. They can encourage more US citizen tourism simply because many can drive over the border. They have the largest fresh water reserves in the World. They have no droughts unlike Australia. Australia is remote from most of the World and no one can drive in-out of it. It’s highly restrictive compared to most other nations.

Canada is only 23rd for doing business north macedonia is 17th Mauritius is 13th Australia is 14th

Look at the company Nortel. Canadians learned any lesson out of it?

@@helloworld6126 What about Bombardier?

@@jean-louislalonde6070it is beyond me how the Quebec government continues to bail them out…

Still happens here in Sydney. We have suburbs that are effectively empty. The rules for immigration were $5m in the bank. There you go!

Cash moves worldwide. Remember when Irish estates and Belgium castles could be bought real cheap???! You have a big country aim missiles at your little island you'd be looking for a safe haven, too.

Percentage of foreign real estate buyers made up 0.7%. That's not the problem

Lmao that has nothing to do with why canada is eating shit atm. It is to do with the monopolistic nature of businesses in canada and aussie, coupled with a focus on making sure most people rent for life to help bolster real estate corporations and an easily influenced political environment

​@@Gossuarit That's for Canada as a whole. You have to look at the statistics for cities like Toronto and Vancouver, where the housing bubble exist. In other cities in Canada, properties are still very cheap relatively to other developped nations.

Does he call them countries in the video?

"Places" would have been a better word choice in that particular sentence, but I understood what he meant

@@nidhavellir Yes, he did. He called them countries in minute 7:00

“In countries like…” Instead he should have said “in countries OF Africa and South America” which is how I interpreted the statement.

​@MarkBoda even then he ought to have said "in some countries in South America.."

​@@SathyaswamySwth 🤔

Indians have become the Uber Driver service class in Australia. The amount of Indian engineers and accountants who drive Ubers in Australia is off the charts.

​@@Superclip2543 He/she is here to stir trouble. Channel has no content and is less than a month old.

It shouldn’t really be that surprising, the British essentially made two twin countries on opposite ends of the world 😅

Geographically, both AU and CA complain about the concentration of political power in their eastern cities. Additionally, Canada has an relatively poorer Maritime provinces, and Australia has the poorer Tasmania. Both countries also have sparsely populated expansive northern territories. The two countries are eerily similar.

I think Canada of the same way, but in some regards we are like the kiwis living next to the USA instead of Australia.

Unfortunately, that's the big advantage the big players like the EU, US and China have, they can change the rules in their favour to benefit them and put other countries at a disadvantage. Having a big consumer base market is a massive advantage as it basically means they can make the rules however they see fit, it also gives individuals and companies in those markets a big advantage as they can play by different rules compared to the rest of the world by having easy access to a big consumer base. The irony is, in the case of the EU, if the members got their act together, create a capital market and other reforms and integrations, it would allow the EU to do a lot of the same that the US and China does when it comes to big spending and investment in many sectors, including high-tech, that would be a major advantage for the EU but it would put other countries like Australia and Canada at a disadvantage. Today, the world is ruled by two things, the size of the economy and the population size which creates a big consumer base, those two factors allow them to make the rules up as they go along and it's more or less what the EU and US does when it comes to international rules and regulations.

Nobody's forcing Canadians to sell anything to the Americans. Business is Business. I assume that they sell because the price suits them. That also works both ways. There's nothing to stop Canadians from buying or investing in American businesses.

​@@fernandoamy8278I would much rather invest in big corporations even US ones over Canada's overpriced housings.

@@fernandoamy8278 you say that but any time the US doesn't get what it wants it imposes a tarrif or embargo on an unrelated industry as a form of economic warfare.

So true

Part of that is tariff barriers in the Asian nations. For example, if you don't do at least some work in China on a car, the Chinese government slaps a scaled tariff on it. It means its simply impossible for all but the most expensive cars to be exported there.

An op-ed in my country's newspaper also thinks Western countries have less political courage to cut back on welfare benefits so as to make them more economically competitive

Correct. The leadership is weak and useless. It is the root cause of the problems

Blame NIMBYS for the housing issues.

Canadas productivity is falling, but we are still relatively average in the G7 per person. As bad as things are right now, we aren’t at crisis levels there yet. Housing on the other han-

Australia is the same

Nimbys: "Bu-but muh equity"

Australian wine, and in particular South Australian wine isn't underrated. We have won best wine in the world for many classes. The only country to not recognise our wines is the US. Saw a post by Forbes recently re carbenet sauvignon and all in the Top 30 were from the US except one, Penfolds (South Australian). The American arrogance and ignorance continues.

Magic on your pallet? You must drink a lot of wine 😂

Im in the same boat - aussie living in canada. Canada seems to struggle with its infrastructure because of their winters. roads get chewed up by salt and plows and it looks run down. Then you also have the tipping culture in canada, wages are skewed more towards tourist spots - the same office job in canada vs australia would be 50k vs 80k respectively, but a 50k job as a waiter/ress in australia could net you between 35k-100k in canada depending on what price your food is listed for and how busy you are Cost of living is similar between both from experience, australia being higher with housing, but canada has surprisingly high rent for their house prices (in ontario at least)

@@EndlessApocalypseI lived in Toronto in the mid 90’s. A long time ago but I generally found wages a bit lower, housing a bit lower, cost of mass produced goods quite a bit lower. I would characterise the difference as Canada having a slightly higher standard of living and Australia having a better quality of life due to weather, freshness of food etc.

I've lived in both and Australia is a fucking mess, the people are rude and abusive and Aussie corps are terriblke

Liked from Melbourne ❤

My friend and his wife bought a house in Brampton, Ontario, Canada in 2012 for $320,000. Ten years later it was valued at $1,000,000. It is a small 1000 sq. ft. home. Absolutely insane.

Don't come to Canada for the same exact reasons, wildly overpriced housings.

Double is still cheaper than canada mate

@@crosswire7777 When a three bedroom house now is reaching over a million dollars in the suburbs, and I'm not talking about Sydney.

It's happening in all English speaking western countries- get out of your bubble and take an interest in the world

That’s the curse of living in the shadows of the US which is a formidable machine

Issue also arises when Canadas who are high skilled are better off and feel more appreciated and welcomed in the US. Anyone working in aerospace is better off going to the US where they will have a more consistent cost of living and better quality of life

The us and canada have way more in common then Australia and Canada do hell even more then the UK and Australia do with one another

We in the US are the kid she had in high school who was a teenager when AUS and CAN were born.

A 250 yr old foundation of sluvery & gonocide

@@eighty88eight considering that the US economy is larger than both United Kingdom, Australia, and Canada combined and the United States is the security guarantee for all three nations. It’s a really big pimple.

@@pepperonish yeah and new Zealand was a fetus

And poisonous things! lol

@@Metalblaze124 And alone in the middle of the ocean.

​@@dan__________________it's nice watching other countries stuff up from a distance.

Most likely unlivable by the end of the century though

Or is Canada Australia with snow and mountains 😉

I hope Canada democratically joins the US and becomes the 51st State one day.

Australia is best in the world.

@@Jack-mb8bu What is best then usa 140% gdp to debt or canada 110% gdp to debt. If you don't know Aus is only developed country lowest debt 35% in the world & since 1990 to 2024 No recession. Where as usa canada had 4 recession in this period 🦘🇦🇺🐨💪🥊

Are grocery store prices and food cheaper in australia?

@@crosswire7777 Maybe its just me but I have noticed that prices are very similar, little more cheaper in Canada for Dairy and fruits.

@@sunny2355 thats good for australia because incomes are higher

@@sunny2355Dairy is heavily subsidized by the government in Canada that's probably why.

I’m Canadian and my dream would be to move to Western Australia. I absolutely love that place.

The US jobs report is BS. At that rate, there should never be unemployment in the US.

And Australia added 133000, not bad for a country 1/15th the size of the US.

And this is while Canada is importing close to 35,000 immigrants per month.

And both countries can essentially be considered Chinese colonies. That's how their governments operate, their so-called leaders cozy up to China, allowing their citizens to purchase significant portions of their lands and enabling chinese invasion due to their open border policies.

And both countries can essentially be considered Chinese colonies. That's how their governments operate, their so-called leaders cozy up to China, allowing Chinese citizens to purchase significant portions of their lands and enabling invasion due to their open border policies.

Not yet. I think Geelong and Lytton are the last two. The others have been/will be closed or converted to import terminals.

You can thank the moronic unions for that. They are too stupid to understand that they have made themselves uncompetitive. So the smart people with money go where they can make a buck and not get held to ransom by unions.

Get rid of the globalist government labor. Albo is the worst prime minister...vote 1 nation 🇦🇺

Capitalists?? Majority of manufacturing across the western world have moved manufacturing to third world countries. One of Australia's biggest problems is State Governments (along with Federal Gov) continue to make life hard for companies that want to invest... Governments need to stop fixing problems by raising tax revenue

Rudd sold Australia out to China

Stacey Macken's strategy has been instrumental in helping me navigate the past few months. Without it, I don't think I would have made it through

Wow...I know her too she is a licensed broker and a FINRA agent she is popular in US and Canada she is really amazing woman with good skills and experience.

Stacey demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

I remember giving her my first savings $20000 and she opened a brokerage account for me it turned out to be the best thing that ever happened to me.

Yes I can believed that, I got victory with her, was so sad after receiving the first pay knowing I invested so low with fear

True, various Aussie Fed governments have whittled away at the CSIRO budgets for decades. But, correct me if I'm wrong, the CSIRO still reaps ongoing financial rewards for their WiFi golden egg.

Manufacturing is a form of technology also.

I think Australia has world class tech for Uranium concentration, and also radioactive waste (depleted/reprocessed fuel) sequestration.

What manufacturing?

Agreed. AND, despite being heavily sanctioned for a few years by China, we are STILL putting too many export eggs into the China basket. If you're an Aussie exporter, you're CRAZY if you don't have a Plan B ready for next time the CCP wants to play the heavy.

Canadas problems are caused by leftist/socialists

Canada's three biggest problems...? JT.... JT....and JT.

@@DutchVai Aussie here. What's the issue with JT? I keep hearing this stuff all the time, but never any specifics. Serious question.

@@Puppydoug”JT” is an abreviation for “Justin Trudeau”

One advantage Australia has there is that every state has a coast (ice free too) and no other state can land lock it as BC and Quebec have done to oil and gas. Also, the Labor Party has unionized mine workers supporting them so it would be unlikely they would destroy such resource industries.

Are you kidding, they’re invading. They’re going to take over the country in a few decades. Have you had a look around Sydney or Melbourne recently? It doesn’t look like Australia anymore. Massive migration from Asia is negative.

Tell that to the Australian government ! stop try to be the " deputy Sheriff "of this Asian / Pacific region , those day are truly GONE , Australia needs Asian country , But the Asian country can live without the Australia in trades etc ...! wake up Aussie , and stands up to be a sovereignty of your own country !

@@who52au How can Countries like Australia and Canada have sovereignty in their foreign policy ? they have already sold their soul to the Uncle Sam. just like South Korea, Japan, Germany and so on..

​@@who52auThe Anglo-Saxon world needs to stop this hawkish stance on countries they do alot of business with it's just not clever when US and Australia keep threatening and name calling their biggest partners like China and even Russia 😄

Yeah that’s why the entire country is turning into a proxy of India and China. Go to the center any cities in Australia and you’ll feel like you’re either in India or China lol

Solar and batteries for EV's are dead industries. Or at least they will be very soon when EV's go the way of the dinosaur, and people realize solar power just doesn't cut it.

Canada same. Vested interest keep us down. This much land vs small population and vast resources, both countries should have HUGE standards of living per person, instead of all directed to the wealthy. Remember in the USA stocks are owned in this magic number 10% own 90% of stocks. This is who the government works for. Our two are similar but on a smaller scale with less wealth inequality even if our wealthy elite continue their class struggle to widen that gap against us. The average canuck or aussie is too busy fighting the guns vs gays war brought to us from the USA culture BS to notice it should be Us vs Them.

And both woke leftists

Oh how dare you call Mr Trudeau an incompetent snowflake 😂😂

Well, in Oz our PREVIOUS Prime Minister was CERTAINLY incompetent. To the point of illegality. Can't say I know much about Trudeau, except that I hear a lot of Canadians whinging about him. Careful what you wish for, cousins.

actually they are getting bankrupt by the new capital and their currency is losing its value at alarming rates

Kenya’s infrastructure is anticipated to outpace that of Egypt.

Indonesia is a much more interesting country to cover. They're also building a new capital and aren't on the edge of bankruptcy.

Our system of government and judicial in Canada is more closely related to the UK and Western Europe rather than USA.

@@archimedes2261 Indeed. Apart from the relationship between national government and their states / provinces, both Canada and Australia use the same Westminster system, responsible government and separate judicial system. The Australian Constitution also has Swiss influence (referendums for changing the constitution), and according to a presentation by a retiring High Court (equivalent to USA Supreme Court) some unstated Vatican influence (Rerum Novarum encyclical - and having federal powers of Conciliation and Arbitration - creating a happier relationship between labour and capital than in the USA, and making the large Irish Catholic minority less suspicious of federation resulting in an Upper House of elites) When returning from the UK to negotiate the constitution, the 'founding fathers" visited the American jurist Oliver Wendell Holmes, and basically asked "What would you do differently with your constitution in retrospect". This seems to have resulted in Senators being elected directly by the people. The USA changed from their states governments selecting senators to this system later, but Australia had it from day one.

​@@tacitdionysus3220 yours is a complicated comment for me to parse. You clearly know your stuff. One thing that interests me is how you mention a better relationship between capital and labour. Can you elaborate on that aspect? I think that balance is the key to success for civilisation. Too much power for capital (as we surely have now) and the incentives to work are reduced. Too much easy money for a parasitic class. Too high labour costs and I guess nobody invests in long term things? Or wealth cannot be stored? Be interesting to see what the world would be like with different balances. Of course in the real world, we have externalities such as foreign nations with cheaper labour costs for example.

@@Tom_Hadler Thanks for the question. It's not a simple matter and I might be better to point you at articles about it than try to explain it in detail (which is also beyond my expertise - as my involvement was basically in teaching what most places call 'civics' to senior managers.) The Australian Constitution, Section 51 outlines the powers granted to the feds. Clause xxxv grants Powers of Conciliation (providing impartial professional support to parties in dispute) and Arbitration (having an independent person resolve the dispute with that resolution being legally binding). The latter is to be applied when the former fails to resolve the matter. The upshot is that it results in a C and A court to provide help for parties to resolve industrial disputes, with the realisation that if they don't resolve it between themselves, it may be resolved by a legally binding court decision. "One Hundred Years of the Conciliation and Arbitration Power: A Province Lost?" (University of Melbourne Law Review) by Breen Creighton - is not a bad paper to get an overall history and understanding of these powers and their implications. Suggest search for it and have a read. Keep in mind the period in which this was all done (1890's with federation in 1901). Marxism is arising and Lessez Faire capitalism was rife. It was an environment in which industrial disputes often turned very nasty. As an example, the Australian song 'Waltzing Matilda' is inspired by one of several violent events during the Great Shearers Strike in the 1890s. If you are American, think of the era of Teddy Roosevelt and his concept of the 'square deal' as something similar. It is, however, nothing like the revolutionary era in the USA, with its Lockean influences, deep discussions and compromises, and emphasis on rights. A name that will occur in connection with these powers is Henry Higgins - He lobbies for religious freedom and the C&A powers to be included in the constitution and later heads the A&C Court. He is Northen Irish and protestant in background, and acutely aware of the religious tensions between Catholics and Protestants, and does both of those things to defuse Catholic anxieties about the Constitution and respect their involvement in the labour movement. As if to underline the above, he makes a landmark A&C judgement later during the 'Harvester Case' in 1906 which effectively establishes the concept of a 'living wage' for employees, based on what they need for a basic frugal existence (subsequently moderated with industry's capacity to pay). Startlingly, Higgins quotes (though doesn't acknowledge) Pope Leo XIII's 1891 encyclical Rerum Novarum, an open letter to all bishops that addressed the condition of the working classes. The wikipedia articles on 'Henry Higgins' and the 'Harvester Case' are not bad overviews. It's not a perfect system by any means, but has created a more amicable industrial relations environment than in many places, underpinned with a 'vibe' of mutual fairness and justice (many Australians will know 'the vibe" reference from the film "The Castle", based around another Clause (xxxi) of Section 51 which is about "acquisition of property (by the feds) being on just terms", regardless of who you are. I hope that gives some answers you are seeking. If not, give me some specific queries and I'll see what further things I can point you at.

A crucial differentiating factor is when the two nations became federated in their current form. Canada's constitutional system dates from 1867, whereas Australia waited until 1901. The influence of the UK was strong in both cases but in the case of Australia the progress of certain legal and constitutional concepts had started to shake off the older style British approach.

That great news! So when the Australian economy becomes like Argentina, we can start a new life in Antartica. Hopefully by then Antartica will be a tropical continent because "climate change".

Ya, a government who seems to only know how to implement additional regulatory hurdles and spend on social programs vs one who says that they'll bring down those hurdles and offer incentives to centers to streamline their systems.

Of course productivity is low. You have millions of unskilled immigrants.

@@mirzaahmed6589Productivity comes from a willingness to take chances from people starting to work with an education and investments.

I met a Canadian last week who said they've never felt so cold until they lived in Australia. Houses are extremely poorly constructed and insulated in Australia. We joke about them being fancy tents.

Lived in Perth for one winter and because there was no central heating, I was constantly cold even though the temperature was never below 4C.

Australia's wildlife is really scary. I don't want to box a kangaroo or outrun a cassowary. 😅

If you're cold, always wear multiple layers where as if you're hot, you will need air conditioning.

@@karlosxzy The double brick houses of Australia are usually well enough constructed, but builders consistently fail to use double glazing on windows which undercuts all the other insulation efforts! :D I had to retrofit window insulation, otherwise I'd end up using the AC or fireplace for much of the year. Most US houses are made of matchsticks, but insulation and double glazing can make them liveable.

I live in Québec and I see a lot of American tourists in winter who come here to do snowmobile in the powder snow in Murdochville and other places, but also to visit Québec city in winter or Montréal's winter festivals. The fact that some Canadians like to travel to the US in winter doesn't mean that Canada is bad ... Winter is actually my favorite season and personally, I would never want to live in the US. The food is bad, cities are boring and insecurity is everywhere. In many cities on the East Coast in Maine, New Hampshire, New York and Florida, there are many neighbourhoods that litterally look like 3rd world country slums. We don't have this in Canada.

I have lived in both countries. As the video says there are a lot of similarities. But Australia wins out for me because of the weather. One winter in Montreal was enough for me.

Australia also leads in film and tv production for international markets. Disney (Fox) studios in Sydney, along with studios in Queensland and Victoria. Recently ‘Fall Guy’ as an example

Yes, but, a lot of Australian manufacturing wasn't profitable or sustainable by itself. Car manufacturing is a huge example of this. Mitsubishi (Japanese brand, but it had a huge subset of Australian manufacturing for its sedans) Ford and Holden, all needed constant government subsidies to continue. Eventually, the government got sick of subsidising effectively a failing business that was supposed to be private enterprise.

Another way Australia is just like Canada. There is nothing wrong with selling coal gas and iron ore if people need them. If you stop selling them, people aren't going to stop needing them, and there isn't much point doing the same things other people are doing if they already do it well enough to supply the demand.

@@AndoCommando1000 When I was a kid, all our white goods were Aussie made. So were most our clothing and one in every two cars on the road was a Holden. All gone.

@@somethingelse9535 yes, but you can blame market forces for that. Our cars were being built here. But they weren’t being sold anywhere else (except maybe NZ and the Pacific) which is a small market. And even Australians began preferring other more efficient, cleaner and less fuel-hungry cars. Australia pretty much built expensive family sedans and tastes and purchasing desires changed.

@@AndoCommando1000 Holden had a roaring trade with the middle east too.. They were subsidised by funds derived from the 5% import duty on foreign cars. A kind of harmless system that kept a whole bevy of local component makers in business. It was a mistake to scrap that (thanks to Abbot @#$&@!!). (The yanks have tarriffs on imports too) BTW, Ford Territory was a hit and no one predicted Holden's foray into high end suped up V8 Commodores would become a hit too, which ended up being exported to the US. They should have left the subsidy scheme alone, who knows, Holden may have stumbled onto the next big thing (like they did with V8 Comm's).

I'd hazard a guess and say that the average Aussie and Canadian would also certainly be a lot more "internationally aware" than the average US American.

USA #1 🇺🇸 🇺🇸

Yes & that is why our nation needs to maintain a good relation with them rather than focusing on AUKUS

Feels very similar in Canada. Housing prices have exploded here. Its totally unsustainable. People are very angry and pretty much all of our politicians are a sad joke.

Yes, and that's a good reason for our exporters to CONTINUALLY look for additional/alternative markets...regardless of whether the CCP has Australia in "the freezer" or not.

except you have the option to live in hot or cold weather mate, get a grip on our bloody geography

@@lachlanaulich3566 your response makes no sense. Typical incoherent bogan. 🙄

Given how expensive they are, I hope those homes are indeed "comfortable"!

There were talks of an EU-Australia trade deal but I think it stalled, whereas, didn't the EU and Australia sign a free trade deal a few years ago?

@@paul1979uk2000 No EU/Australia Free Trade Agreement yet. We (Aussies) walked away from it, pretty much at the last minute, because basically, there wasn't "enough in it" to make it worthwhile. As our representative said, "better to have no deal than a lousy deal". I agree.

From my understanding we have far fewer barriers between states, except for regulations relating to disease e.g. biosecurity measures for tasmania. Our regulations are largely that the federal government can't control certain aspects of state's functioning due to the way Australia was founded, but increasingly we are moving toward federal approaches atleast in healthcare context that I work within because it's just far more efficient.

Canada makes most things needlessly complicated and process take far longer than they should part of the housing issue is because we accept to many immigrants but also because zoning laws are terrible, people in charge of approving plans for housing also take forever far longer than they should it slows everything down, all the barriers Canada has in place feel more like a way to slow down actual growth then to let it flourish. Canada should be better off than it is

To be fair to the fact checkers of this video .Things have change .although I don't disput your statics .I can't argue those figures.

Proud that we dont have to live in fear while grocery shopping unlike the lawlessness down there in America. Canadians don`t also need to worry about bankcruptcy when they visit the doctor.

@@EmmanuelMotelinif you can find a doctor or don’t end up dead in the waiting room first.

@@EmmanuelMotelin keep an eye on bankruptcy, crime, taxation and job loss next year or so.

​@@4spooky8u I’ve personally never encountered any problems even when visiting a walk-in clinic. While I understand that specialized surgeries may require different considerations, severe cases tend to receive priority. It’s hard for me to deny my privilege when I observe Americans burdened with debt due to minor doctor visits. Compared to the USA, we are in a much better position, although I’m sure someone will find a negative aspect to highlight.

@@EmmanuelMotelinthat depends on where you live in the US! People think the US is still in 2005, when the reality is healthcare has changed a lot in the United States. If you live in California, New York, Massachusetts, you will be fine. If you live in Mississippi, or Alabama, you probably won’t be fine. It really depends!

Wait till he finds out that mining is only 14% of the country's GDP. But I guess a 2 second internet search is just too hard for some people.

The LNP killed the wine market in China, it’s not back to original levels…..yet

i mean lets not bring up the education market anymore lol scomo messed that up

How will that help?will you please elaborate?.I might be asking a basic question,but please will you elaborate?

@@chenchugarilakshmiprasanna1669 Many other countries in Asia are also economically booming. Australia should fasten her sails to these other Asian economies too. Using Asian Australians to achieve this. Do you see Australia being able to leverage relations with Asian countries and Asian Australians to boost her tech sector? Most Asian countries have booming tech sectors.

@@chenchugarilakshmiprasanna1669 lots of Asian investment into Australia

China have been feeding off Australia and getting very very rich off us for the past fifty years. Now they've got to the top. The rest of the world are going down fast. Now, they're selling to us. China stole our goods, our ideas and made fakes of everything we held valuable and sold them all back to us cheap. This is how they got rich.

@@AnAn___ it is difficulty

Canada did buy 4 used subs from the UK for $750 million in 1998, and then had to spend billions repairing and converting then for Canadian use. Would have been better to buy new.

No, but we sure wish our government would have. Our military now consists of 3 rifles and a canoe.

Don't forget 4 CF-18s 😄​@@user-yh2of2nz2s

To attack their biggest customer 😄

I'm from Halifax, where the Canadian subs that we bought were based. All four of them were up on blocks for years. It was a running joke at the dock yards that the subs got more airtime than the Sea kings

"Crime is out of control" ?? Crime has steadily decreased over the decades.

@@somethingelse9535 please send evidence

The government we have now in Australia is a damn sight more competent and less corrupt than the previous rabble. Morrison should have gone to prison for lots of things, including the stealthy theft of various government ministry portfolios. Lots of other examples, Robodebt.......lots more.

Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency and stocks, through the assistance of my discretionary fund manager

Mrs Nancy Williams Laplace

Yeah that's right I think it's right to invest with professional at least it saves the trauma of too much loses

The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $21k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

Yea but that huge population with similar GDP means Brazils per capita income & living standard far lower

Aussie, Aussie, Aussie, Oi, Oi, Oi!

International to our Aussie is Bali in Indonesia. 😂

@@helloworld6126 don't forget Koh Samui, Pattaya too. Lol

@@helloworld6126 plus Thailand, Malaysia, Singapore, Vietnam and India. Although Australia is a far away from the rest of the world but comparing to Canada it is very “near” Asia especially Southeast Asia and Aussies are well travelled. Many Canadians have never left their country, for the most they visit the U.S. and Mexico…they have no idea what Australia and other parts of the world look like.

@@Jkl62200 All the best parts for short holiday

Canada: "I see your 650,000 and I'll raise you 1,350,000"

@@lionelhutz5137 😆😆😆 Yep, Australia's immigration is out of control, but Canada's is even worse.

Annual target is 190,000. 2023's figures were compensating for 2021 and 2022. 2024 will likely return to ~190,000.

what about new zealand, 250,000 and we have 5 million people....

@@danielxbox28 *Net* migration to New Zealand was ~90,000 last year which followed 2 years of ~20,000 people leaving New Zealand. As such the yearly average of net migration to New Zealand over the last 3 years has been ~16,000 per annum.