• zephyreks@lemmy.ca
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    1 year ago

    Canada has no core industries with a competitive edge except for resource extraction.

    Bombardier tried and got fucked by the US.

    Nortel tried and got fucked by China.

    Blackberry tried and got fucked by itself.

    Canada does have the potential for innovation, it just requires far more economic protectionism than most governments have the stomach for.

    Today? I think Canada has a ton of potential if a few key categories without competition: agricultural technology, forestry technology, fisheries technology. Canada is also investing heavily into emerging fields like quantum computing and nuclear fusion. What’s missing is support for fields that are popular today: robotics, artificial intelligence, and skilled heavy manufacturing (trains, planes, etc.). That’s a problem.

    Canada needs to better isolate it’s technology from competitors in the US and China. We can’t let them tear our companies to shreds.