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Happy Capitalism? Not so in present-day Canada
Manage episode 502947183 series 3614583
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You can sum up investing analyst Lou Schizas in two words – Happy Capitalism – the tagline the legendary business and financial commentator is known for. Darren and Lou dig into Canada’s housing crisis, Alberta nationalism, and how the banks swim in a protected pond.
Lou says the state of capitalism in Canada today is “capital flight” with so many people of wealth fleeing the country. Not only that, those returning to Canada from the US tend to be at the end of their careers, the “brain drain” of those under 45 are the ones who are leaving.
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