Quote:
Originally Posted by JustMe
Before this gets political, it's not just an Alberta event, but all over. The new "norm" for the foreseeable future is $50/Bbl oil. Diversification is the key for Alberta and Canada. Time to get back to producing consumer goods, instead of just raw materails and there by supporting foreign ecomomies...
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Alberta is ,and for the forseeable future, a resource driven economy. What are we going to diversify to?, producing consumer products here is a pipe dream when you consider the strangle hold the unions have on companies needing labor, it ain't gonna happen. At this point you will have a tough time finding anyone who would want to invest and set up business in Alberta with our current political climate. So the only thing you have left is for the Gov't. to borrow billions of dollars to entice fly by night projects to go ahead that the tax payer will be on the hook for....anybody remember Nortel?