{"id":19585,"date":"2024-08-01T21:24:07","date_gmt":"2024-08-01T18:24:07","guid":{"rendered":"https:\/\/www.liberalglobe.com\/?p=19585"},"modified":"2024-08-01T21:24:07","modified_gmt":"2024-08-01T18:24:07","slug":"canadas-standard-of-living-is-collapsing-and-resembling-europe","status":"publish","type":"post","link":"https:\/\/www.liberalglobe.com\/?p=19585","title":{"rendered":"Canada&#8217;s standard of living is collapsing and resembling Europe"},"content":{"rendered":"\n<p>Canadians didn&#8217;t think the EU-US-NATO rot would touch them. However, they were wrong. They themselves put a huge amount of blame on the neoliberalism of Prime Minister Justin Trudeau, who started as a &#8220;fresh young man&#8221; and ended up being the citizens&#8217; nightmare. In particular, having learned well in an impeccable state that operates on merit, the citizens of the country feel the word &#8220;uncertainty&#8221; for the first time.<\/p>\n\n\n\n<p>It&#8217;s not just the significantly lower purchasing power, the strikes\/protests that have taken place, the discontent. Trudeau has normalized political correctness, taking away the freedom of speech the country has been proud of for decades.<\/p>\n\n\n\n<p>Canada&#8217;s standard of living is on track for its worst decline in 40 years. The Fraser Institute&#8217;s research (&#8220;<a href=\"https:\/\/www.fraserinstitute.org\/article\/canada-living-standards-falling-behind-rest-of-developed-world\">Canada living standards falling behind rest of developed world<\/a>&#8220;) compared the three worst periods of decline in Canada in the last 40 years:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>the recession of 1989,<\/li>\n\n\n\n<li>the global financial crisis of 2008 and<\/li>\n\n\n\n<li>the current post-pandemic era.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"447\" src=\"https:\/\/www.liberalglobe.com\/wp-content\/uploads\/2024\/07\/image-171.png\" alt=\"\" class=\"wp-image-19587\" style=\"width:800px;height:auto\" srcset=\"https:\/\/www.liberalglobe.com\/wp-content\/uploads\/2024\/07\/image-171.png 800w, https:\/\/www.liberalglobe.com\/wp-content\/uploads\/2024\/07\/image-171-300x168.png 300w, https:\/\/www.liberalglobe.com\/wp-content\/uploads\/2024\/07\/image-171-768x429.png 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure>\n<\/div>\n\n\n<p><\/p>\n\n\n\n<p>It found that, unlike previous recessions, Canada is not recovering this time. In fact, as of 2019 Canada had the worst growth of 50 advanced economies, while inflation-adjusted wages in Canada have been flat since 2016.<\/p>\n\n\n\n<p>At the same time, Canada&#8217;s real GDP per capita is still falling, and with a looming US recession &#8211; the US accounts for 75% of exports &#8211; Canada could collapse again before it even recovers.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"431\" src=\"https:\/\/www.liberalglobe.com\/wp-content\/uploads\/2024\/07\/image-172.png\" alt=\"\" class=\"wp-image-19588\" srcset=\"https:\/\/www.liberalglobe.com\/wp-content\/uploads\/2024\/07\/image-172.png 800w, https:\/\/www.liberalglobe.com\/wp-content\/uploads\/2024\/07\/image-172-300x162.png 300w, https:\/\/www.liberalglobe.com\/wp-content\/uploads\/2024\/07\/image-172-768x414.png 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure>\n<\/div>\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Incomes are at the West Virginia level.<\/li>\n\n\n\n<li>Home prices are at the Los Angeles level.<\/li>\n\n\n\n<li>It is not uncommon for a middle class family in Canada to pay half of their income in taxes.<\/li>\n\n\n\n<li>Since the pandemic, Canada&#8217;s official food inflation has risen by a cumulative 25% and energy by 30% &#8211; thanks in part to the carbon tax.<\/li>\n\n\n\n<li>The cost of living has risen noticeably.<\/li>\n\n\n\n<li>Corporate bankruptcy filings increased by 40% in 2023.<\/li>\n\n\n\n<li>Half of Canadians have zero savings for a hard time.<\/li>\n\n\n\n<li>Canada&#8217;s violent crime rate has increased by 40% since 2014.<\/li>\n\n\n\n<li>42% of Canadians are considering moving to another country.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Canadians didn&#8217;t think the EU-US-NATO rot would touch them. However, they were wrong. They themselves put a huge amount of blame on the neoliberalism&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[820,390],"tags":[403,470,129,5677,5598,5678,5676,4224,184],"class_list":["post-19585","post","type-post","status-publish","format-standard","hentry","category-america","category-politics","tag-canada","tag-europe","tag-gdp","tag-gdp-per-capita","tag-political-correctness","tag-real-gdp","tag-rot","tag-standard-of-living","tag-west"],"_links":{"self":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts\/19585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19585"}],"version-history":[{"count":1,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts\/19585\/revisions"}],"predecessor-version":[{"id":19589,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts\/19585\/revisions\/19589"}],"wp:attachment":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}