Canadians spend their money taking care of themselves. US spends its money attacking others. ...comment at "The Triumph of Canadian Socialism" at The Atlantic
Like it or not (and American conservatives of the two-dimensional variety will hate this news) Canada is doing a lot better than we are, according to Clive Crook of The Atlantic, Bloomberg and the FT. He quotes from an article in Bloomberg:
On July 1, Canada Day, Canadians awoke to a startling, if pleasant, piece of news: For the first time in recent history, the average Canadian is richer than the average American.
According to data from Environics Analytics WealthScapes published in the Globe and Mail, the net worth of the average Canadian household in 2011 was $363,202, while the average American household's net worth was $319,970.
A few days later, Canada and the U.S. both released the latest job figures. Canada's unemployment rate fell, again, to 7.2 percent, and America's was a stagnant 8.2 percent. Canada continues to thrive while the U.S. struggles to find its way out of an intractable economic crisis and a political sine curve of hope and despair.
The difference grows starker by the month: The Canadian system is working; the American system is not. ...Stephen Marche, Bloomberg
It's like we're Siamese-twin nations. We got the neuroses and the character disorders and they got the brains and the emotional maturity. You can kind of understand how bad it is, even at ground level, when you read this important addition to our home truths.