Will Montreal and Quebec be overtaken by Edmonton and Calgary Alberta when it comes to the future of the economy and politics

Will Montreal and Quebec be overtaken by Edmonton and Calgary Alberta when it comes to the future of the economy and politics

This is a follow up to Lyle Hamer’s excellent answer to Will Montreal and Quebec be overtaken by Edmonton and Calgary, Alberta when it comes to the future of the economy and politics.Part of his analysis: If Alberta was able to come up with something like Silicon Valley then it would have a chance to become a driver in the economy.It had that chance in the past with oil and wasted the opportunity.

Instead of investing it’s always stuck to it’s conservative roots and just reduced taxes in order for those in power to stay in power.This such a powerful statement and I feel like I should give you my personal example to underscore how accurate it is.I am a first-generation Canadian.

My family arrived in Edmonton in 1983.My father was a computer scientist that worked for a consulting firm that was doing a lot of business with the oil industry.We were on the verge of a move to Fort McMurray when the bottom fell out of the market.

This was 30 years ago.Our family moved to Ottawa and that became our new home base.Nearly 20 years later, I moved back to Alberta for work reasons.

The Alberta government, flush with petro-cash, had just sent out $200 cheques to each and every Albertan.The reason?it’s irrelevant.

I have to say that the Alberta government has spent on things that are for the public good, like medical care, advanced infrastructure for education, etc; I know many people who simply went to the mall with their $200 and wasted it on stupid crap.Successive governments in Alberta have squandered the “Alberta advantage” in favor of policies that are incredibly short-sighted.I recently moved out of Alberta due to a job relocation situation.

In 40 years, Alberta and Albertans have refused to learn a lesson in resource management and planning for a future in which oil reserves continue to dwindle and where there is a continuous boom and bust cycle at every scale of the economy.Regardless of your stand on global climate change and our role in it, think of the madness required to continue to pump oil out while global oil markets are depressed.And yet the sheer dependence of the Alberta economy on petroleum forces the mismanagement of a reserve that is fetching nowhere near the price that it should command.

The lack of economic diversification, which I have witnessed in nearly 40 years in Canada, is breathtaking.The same people that voted out the NDP government for mismanagement of the economy didn’t bat an eye when those cheques were sent out a decade ago.And what exactly is the new Conservative government going to do in the face of global oil markets that refuse to budge?

I’m not going to sit here and compare Alberta to Venezuela under Hugo Chavez, but it’s hard not to see the parallels in terms of wasted potential.So no.Alberta does not have to population base or the forward-looking economic plan to overtake the importance of Quebec in Canadian politics.

The problem is that Alberta as a whole is a one trick pony.Oil seems to be the only thing that is of interest.Certainly it’s obvious from the latest politics from there, that diversity is NOT something anyone there wants to deal with.

And of course Oil is on it’s way out as a major commodity.The politics around this and especially the pipeline is creating a large amount of negative energy aimed at B.C., Quebec and Ottawa.Albertans seem to think that the rest of Canada is out to get them.

This is creating large amounts of political animosity.Certainly we can expect for the next while that these politics will be a large part of the Canadian conversation.If the Conservatives win the next election we can expect to see massive unrest everywhere that hasn’t been seen since the October Crisis.

Both Alberta and Quebec will be screaming about how unfair it all is.If Alberta was able to come up with something like Silicon Valley then it would have a chance to become a driver in the economy.It had that chance in the past with oil and wasted the opportunity.

Instead of investing it’s always stuck to it’s conservative roots and just reduced taxes in order for those in power to stay in power.The larger population of central Canada is still the driving force of the economy and it doesn’t appear that is going to change.B.C.

has a possibility but I can’t see the current Provincial government doing anything really positive yet to deserve any enthusiasm.The rest of the prairies are just business as usual.

Will Montreal and Quebec be overtaken by Edmonton and Calgary, Alberta when it comes to the future of the economy and politics?Quebec’s economy is more diverse and facilitates industries with international markets from aerospace/aviation to pharmaceuticals, gaming, high tech, and the arts.

One could only hope but sadly no, that’s clearly unlikely.Alberta’s been in a desperate state of affairs for over 3 years and the country has done virtually nothing to ease her suffering.

First off you seem to be trying to compare two cities and a province to one city and a province.This does not make any logical sense and would be impossible to compare since all three cities have vastly different social and economical bases.

No.Only because of Torontos population and proximity to New York, Chicago, and the Eastern Seaboard of the US.Those markets are so big, Canadian business and manufacturing will always naturally be drawn there.