Spur Local Investment: Trickle down glob-enomics

Globalization Phase 2.

The following idea and rough draft of a thought comes from a passion project on which No.Fornia stands.

Out of college, I had planned to take on the world via blogging and content distribution alongside my kick-ass girl boss bestie. However, two girl bosses with conflicting schedules and challenges managing one another led to a few archived ideas and a recorded podcast with nothing making it live.

So now, going into 2025, I'd like to take this piece from December 17, 2023, and bring it to the world in raw form to spark the passion for 2025.

Enjoy.

Investing in the Home Land

~stoned~

The news is documenting the investments from China coming in to boost and save Canadian companies, namely the rare earth minerals mining, and then diverting the resources back to China.

Example: A lithium mine built in Canada through foreign investment will be required to export all mined minerals once it is operational. Therefore, these materials are routed out of the Canadian supply chain until the time comes to repurchase and repatriate the minerals.

So what's the problem?

Is it truly too expensive for local investment to afford these projects?

Do we feel that, as a country, we don't want to support mining in particular?

Do we not understand that software requires hardware and that many pieces of technology are not synthetic? 

Would it even be financially advantageous to front the investment in mine ownership?

Do Canadians feel comfortable leaning on their socialist seats and funding more Crown Corporations?

Are we supportive of a globalized world, or do we seek more self-sustenance?

Putting that all aside, let's focus on one query: Is it truly too expensive for local investment to afford these projects?

Canada is a unique case study in itself as a socialist x capitalist baby, and we're at a time of odds trying to find our feet. So now, anyway, if we can't afford to support our own local economy through investment, then we have big problems. 

Now, I was not expecting to find what I did when I looked up Canada's GDP. Granted, we were coming out of a global pandemic in 2021, and that may have swayed this data, but uhh. I'm not shocked but surprised to see real estate, rental, and leasing as the standout money-makers up here.

Da fuq? ! ? ! ?

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...and that is all she wrote. I wanted to further this discussion through debate and moderation to ensure I wasn't missing anything.

It is somewhat disgusting to see that our leading GDP factor is real estate, rental, and leasing. These industries are not often high-employment industries, and leasing may be fueled by foreign investment pouring in and supporting Canadians by operating facilities that do lead to employment. Thank you to the foreign overlords coming in to ensure our employment rates are secured. Hmmm... this sounds familiar in an ironic twist of fate fear-monger way.

The way I see it, it's time to look at the books. Consumer spending makes up a large sector of a Country's GDP, yet our leading industry, real estate, rental and leasing, which stands in 2024 at 13% GDP, is an oddball leader for a promising emerging country.

In case you don't understand, I've alluded to the fact that this industry has low employment, limiting the circle empowered to spend and trickle through the economy. Beyond that leading industry, we are leaning heavily on foreign investment and ownership to fund initial investments and take on the risk of it all. Enlighten me, though, if I have this backward, please.  

Okay, well, it's your turn to sound off in the comments or my DMs on Insta. Talk to you soon, and in the meantime, I'll be rooting for ya! 

P.S. Hoping to see a rise of workers and a lack of acceptance for slave labour in phase 3 globalization - stay positive :*