I was in the bar with my coworker Mike having a couple of beers after a lengthy day at work. He pointed to the screen, someone was interviewing Donald Trump. The interviewer was smiling and sarcastically asked Trump, “Would you take claim to Canada as part of America?” Trump responded, “I think that’s gotta’ be an option you know, they’ve got a lot of oil up there, a lot.”
We both laughed and called the waiter over for another drink. Michael looked over rather curiously, “Should I run for the Prime Minister of Canada?” I was a little perplexed by his ambition. I was thinking to myself that this man is only 22, isn’t his mind preoccupied with other things? Dating, grades, and so forth?
Let’s just say perhaps that I had a few too many. But since we’re both liberals I asked him if he would first be able to find a way to get rid of Mr. Justin Trudeau? The beers arrived and Mike pondered, “Well, there may be an opening, Justin’s pushing the party too much to the left. He may very well be a one-term Prime Minister, plus he’s been acting rather weird lately.”
He continued, “I can’t understand why the Prime Minister of Canada goes to a subway station in Montreal to take selfies with everyone going to work. This guy’s simply wasting everybody’s time, including his own. He’s spending two or three hours taking people out of their way in order to take a few selfies. That’s not what you call productivity. I’m asking you now my friend, what has he even done this past year?”
I was rather perplexed with Mike’s question. I took a sip of my beer and told him, “He must’ve done something no?” He answered, “Like what? Elaborate.” I looked at him, “Well how about his proposed infrastructure programs? He must be doing something with that.”
The next few days we gathered some economic research. The results were rather amusing:
Firstly, greater government investment spending is not more likely to get Justin Trudeau reelected. Government investment does however intend to increase business activity, but with a tradeoff of reduced business productivity. Most public infrastructure spillovers do not have large rates of return. There are numerous factors in determining the success and failure of infrastructure projects in terms of their objectives.
Most infrastructure programs are great at facilitating economic development. However, these government investment programs are often inefficient, and wasteful. They result in a collusion of public and private sector activity and a pervasive environment of rising costs that fuel government deficits.
Transport and communication infrastructure increase costs in the public and private sector. Normally these infrastructure programs help the most affluent individuals in society rather than the poor individuals initially targeted by the program. Government budget teams overanalyze the initial costs and fail to recognize the true costs that result in larger deficits and higher inflation.
Another point to note is that more women are being educated and have begun to fill the roles of previously male-dominated corporate positions. Their whole philosophical point of view has changed with the rise of millennials and influx of accessible information. Women are achieving success with masculine characteristics in the corporate environment. With education they have become competitive, resourceful, and are achieving animal instincts in their respective career environment. They have become leaders in facilitating growth and economic development at a rapid pace with the new age of information that has become their greatest asset.
I find it rather odd that Justin Trudeau has labeled himself a feminist with a certain degree of feminine attitude that goes against the conventional wisdom in the growth of most Western nations. I can not picture individuals such as Margaret Thatcher and Golda Meir subscribing to this form of thinking. They all presented themselves as leaders without the makeup of gender unification.
The rise of Trump onto the political scene has made it difficult for Trudeau to get the media attention he’s normally used to. More often than not Trudeau’s media coverage has to do with his looks rather than accomplishments for Canada. Needless to say, even Trump panders towards media attention. It’s rather odd that Trump is asking for equal time with Saturday Night Live, a broadcast always poking fun at politicians. Let’s just say the personalities of Trump and Trudeau will have trouble coexisting with each other as a result of pedigree.
Trudeau has to worry about the new political elites that are emerging in the makeup of the Washington establishment. They may not adhere to his personality and the antics he formulates to assert Canada’s individualism. A good example is when Obama used a skateboard as a prop at a global gathering for the Nuclear Summit. These emerging conservative elites are simply not into props. They plan on showing their dominance over Justin’s pontificated playground that got him elected in the first place.
When you’re dealing with two egocentric individuals in the likes of Trump and Trudeau that are familiar with aggrandizement and showmanship, one eventually has to give in towards the other to keep the peace. The real problem lies in Canada’s oil and natural gas resources and capabilities. Trump may feel obligated in leveraging these resources to become a reliable supplier in the Asia Pacific region and diminishing Saudi Arabia’s influence in the Middle East.
I told Mike, “If you’re going to begin this journey, never stab a leader in the back, it makes you look weak.”
I asked him one final question, “How’s your French coming along?”