Comments by "Louis Giokas" (@louisgiokas2206) on "Unifor Strikes: Issues with the Canadian Industrial System || Peter Zeihan" video.

  1. Insightful as always. This demographic change is, I expect, going to drive fundamental changes in capitalism. I fully expect it will strengthen it. I have been on all sides of this, management, ownership and labor. Making change is generally good, except for the entrenched interests. What I think has changed is that we are no longer capital constrained. I know Peter is talking about how it will become more expensive, but that will not be a major factor. The last decade or so is not normality. Cheap or zero cost capital is not the part of economic history at any time except right after the 2008 financial crisis. What this reminds me of is the expectation that the 1950s was a normal period in American society. Are you kidding me? Just look at the situation with China, and the developing world (started typing "third world", then stopped myself, then didn't, oh my). The west has been throwing capital at it for over 100 years now. I am talking about the "modern" economy. Capital is not the constraint. We in the west always have much more capital than we can absorb here and have been looking abroad to deploy it for centuries now. Just look at the SBF situation! I rest my case. Look at it this way. For a long time, we were production constrained. (<<<<NOTE: This sentence was flagged in red by YouTube when I typed it. I cut and pasted it and now it seems fine! Beware the algorithm!) Before that it we were resource constrained. None of these is true today. We can have a whole debate on the resource issue, but if you argue against there being enough you will lose. What we have is unreasonable policies regarding resources, not a problem with the resources themselves. For example, I just saw testimony in Congress where a Congress person just claimed that her state (I think it was New Mexico) had enough lithium for 80 years of US requirements. Look at the situation with oil. Weren't we supposed to reach peak oil sometime in the last century? Come on man. The number of examples is legion. Change is coming. It will be interesting to see what form it takes.
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