
Bryce McBride
1.5K posts

Bryce McBride
@mcbride_bryce
Writer and publisher of two economics books - Workbook for the New IB Economics (https://t.co/RnoJI0Jf1u) and Economics for Canadians (https://t.co/dSW9uTRcfl)
Ontario, Canada Katılım Nisan 2013
315 Takip Edilen172 Takipçiler

@MPelletierCIO This isn't so much a problem with Canada as it is a global strength for the US. America draws top talent from around the world. They are the imperial centre, after all. What Rome was in the 1st century CE, or Baghdad was in the 10th century CE, the US is today.
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TD report on CANADA's BRAIN DRAIN is really interesting.
Canada is quietly losing its top talent to the United States in what economists call a silent brain drain. While Canada does a strong job educating highly skilled workers in STEM, engineering, and entrepreneurship, it struggles to keep them due to higher taxes that kick in at much lower income levels, limited opportunities to scale companies, weaker commercialization of ideas, and much better pay and growth potential south of the border.
-> Talent leaves mainly through temporary US work visas rather than permanent moves
-> Outflows are heavily concentrated among the highest skilled, especially in tech and advanced degrees
-> Onward migration is worst among immigrants and top university graduates
-> Canada has a missing middle of medium sized firms, relying instead on many tiny businesses and a few large ones
-> Personal tax rates often exceed 50 percent in major provinces and apply at much lower thresholds than in the US
-> Complex corporate tax rules push entrepreneurs toward tax planning instead of growth
All of this weakens productivity, innovation, and domestic returns on education, making Canada a feeder system for the US economy
REPORT: economics.td.com/ca-silent-brai…



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@elonmusk @JeffBezos If your firm was in a competitive market, sure. Your profits then would reflect a portion of the value you created. However, as a platform oligopolist, not so much, as you are in a position to practice price discrimination and thereby take all the consumer and producer surplus.
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@scottjduffy @senatorbabet Classical economists differentiated between earned and unearned income. Neoliberal economics has worked hard to make them seem the same. We need to bring back Classical thinking.
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@senatorbabet So if you buy Gold, and the price of Gold goes up...
Did you risk any money? Did you build any business? Is there work?
We need to separate out price speculation ("the price of this asset will go up in the future") from investing in businesses and doing work, for tax purposes.
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@Nanan0567 @GaullistTory No, the middle class chooses French immersion in order to get their kids away from the poor, POC, and recent immigrants. The French is almost entirely incidental.
FI should be done away with, and core French strengthened enormously, so everyone, after 10 years, is fluent.
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@GaullistTory Lol, and I genuinely think it comes down to class.
The privileged know the significance of getting their kids to be bilingual, while the working class aren’t invested in the same way
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@luxemiaa 3... The airline really tried to get us (and others near us) to move, but we were irritated by this guy's sense of entitlement. Eventually, after our departure was delayed by maybe 30 minutes, the onboard staff offered to seat us in FIRST CLASS! It was lovely.
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@luxemiaa 2...middle. Then, the flight attendant comes with a Saudi fellow who has the window seat. He claims he can not be separated from his wife, so the flight attendant asked us if one of us could 6 this guy and his wife might sit together. Our response? Why should we be apart?
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I was settled into my window seat on a flight when a flight attendant came over and asked if I would switch to a middle seat.
Apparently the man sitting next to me said his religion did not allow him to sit beside a woman he wasn’t married to.
I listened politely.
Then I looked at the middle seat they were offering me.
Absolutely not.
I had specifically chosen and paid for my window seat. I was not giving it up so a stranger could avoid sitting next to half the population.
I told the flight attendant, “Then he should consider traveling with his wife.”
That was my full response.
I wasn’t rude. I wasn’t loud. I simply declined to inconvenience myself to solve a problem that was not mine.
The flight attendant nodded and moved on.
The man........
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@PeakFinInv I have thought that equity and other asset markets have been overvalued since 2010. I sat out equities for 8 years waiting for a correction. Finally, I had to accept that the fix is in. We no longer have a market.
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Listen to this video twice, and then let it sink in:
Paul Tudor Jones explains that, when you're at 232% of stock market cap to GDP (which we are), and you just get a normal PE mean reversion of 30-35% (which typically happens every 10 years), that it would be the equivalent of removing 89% of GDP from the market. The implications of such a move would be devastating.
Full report: peakprosperity.pulse.ly/ex3gicuejf
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Bryce McBride retweetledi

IN PRAISE OF FRANCESCA ALBANESE
There is a question that visits me in the small hours, when sleep will not come and the mind turns over old stones. The question is this: “What would I have done in the 1930s, on the morning after Kristallnacht?"
Not what I say I would have done. Not what I hope I would have done. But what would I actually have done—when the trains began to run, when the neighbours grew quiet, when the cost of decency became the loss of everything?
Most of us, I think, would have done little. Not from malice. From fear. From the soft, creeping conviction that someone else will speak, that the situation is complex, that we must be 'reasonable'. Lest we forget, the ordinary is the extraordinary's alibi. And how we have clung to that alibi! How we still cling to it!
And then, every once in a terrible while, someone appears who does not cling. Someone who steps forward when others step back. Someone who speaks the name of the thing when everyone else is busy naming something else.
Francesca Albanese is that someone.
She stands before the world—alone, unarmed, armed only with law and language and a rare courage—and she says what the centrists will not say, what the foreign ministries will not say, what the editorial boards will not say. She says: "This is a genocide. And we are watching it happen."
Do not tell me that is hyperbole. Do not tell me the term is contested. She has not used it lightly. She has used it as a physician arrives scientifically at a diagnosis—not to wound, but to warn. Not to inflame, but to name.
And for that, they have come for her. Oh, how they have come for her. Smears. Investigations. Vicious editorials. Frozen bank accounts. Dispossession of the only apartment she had ever owned. The machinery of the respectable turned to crush her. Because the respectable cannot abide what she represents: a mirror held up to their complicity.
Let us, once again, travel back to the 1930s. Back to the few who stood up when the trains began to run laden with Jewish people.
There was Aristides de Sousa Mendes, a Portuguese consul in Bordeaux. He defied his own government. He signed thousands of visas, by hand, for hours, until his fingers bled. He saved more lives than Schindler. And he died penniless, disgraced, erased.
There was a German officer in Warsaw named Wilm Hosenfeld. He hid a Jewish pianist in the rubble. He did not save thousands. He saved one. But that one—Władysław Szpilman—carried the memory. And memory is "the only haven from which we cannot be expelled."
There was Raoul Wallenberg. There were the villagers of Le Chambon. There were the anonymous, the quiet, the furious few who said: “Not on my watch.”
Francesca Albanese is their heir. Not because she carries a gun. Not because she hides refugees in her basement. But because she does something equally dangerous in a world that has perfected the art of not seeing. She sees. And she speaks.
She does not speak as a diplomat. Thank Goodness she doesn't! Diplomats have given us the language of "there are arguments on both sides" and "restraint" and "proportionality." Diplomatic language is the perfumed grave of moral clarity. No, she speaks as a jurist. As a human being. As a woman who has looked into the abyss and refused to call it a "complex geopolitical landscape".
Edna O'Brien once described a character who "had the recklessness of those who have already lost everything worth losing." Francesca Albanese has not lost everything. She has her dignity, her office, her voice, her family. But she has calculated the cost of speaking truth to power. And she has decided that that cost is infinitely less than the cost of silence.
What is that cost? Let us name it. She has been called antisemitic—she, who stands on the ground of international law forged in the ashes of Auschwitz and the fires of Nuremberg. She has been called a conspiracy theorist—she, who cites every source, every footnote, every UN resolution. She has been called naive—she, who understands better than most the machinery of realpolitik.
These accusations are not arguments. They are the spittle of the threatened. Because Francesca Albanese threatens something very precious to the powerful: the right to commit atrocity without being named.
Friends, the 1930s did not arrive with jackboots and pogroms on day one. They arrived in small increments. With "reasonable" restrictions. With "proportional" measures. With the silence of the respectable.
We tell ourselves that we would have been different. That we would have been Sousa Mendes. That we would have been Wallenberg. But most of us, I fear, would have been the neighbours who later said, "I didn't know."
Francesca Albanese knows. And she refuses to pretend otherwise.
So let us praise her. Not with statues or awards she does not seek. But with something harder: with our own refusal to look away. With our own voices, raised in places that are safe for us but dangerous for her. With our own bodies, if it comes to that.
A brave woman, who was injured while demonstrating outside a US nuclear military base in 1982, the infamous Greenham Common, had told me that "the heart is a hunter for what it cannot have." But I say the heart is a hunter for what it will not lose. And what we will not lose is the memory of those who stood up when standing up cost everything.
Francesca Albanese is standing up now. In our time. In our name. Under our indifferent sky.
Let us stand with her.
Not tomorrow. Not when it is safe. Now.
[Extract from a speech in Athens on Sunday 3rd May 2026]

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@MaxBlumenthal @kthalps Clinton, Bush 2, and Obama all have father figure issues that made them unfit to lead. They all wanted to please the daddy they never had or never made happy. So, they were easily manipulated to serve father figures in finance, the MIC, etc.
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Asked if he thinks Israel committed genocide in Gaza, Obama accuses the questioner of not following the rules, then says “there are disasters and catastrophes everywhere”
Obama is a historically inconsequential former president who believes in nothing but his own celebrity
Mosab Abu Toha@MosabAbuToha
@KStimmeGenozid Is Gaza a genocide?
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@davidsirota The Dig from Jacobin has great episodes. My fave is one with Jo Guldi on her book, The Long Land War. Also, CBC Radio's Ideas show.
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So after all this:
- The Iranian regime remains in place
- The enriched uranium remains in place
- Iran remains in control of the Strait of Hormuz, though it agrees to let ships through, for now
- The US agrees to talks based on Iran’s terms, including an end to all sanctions and Iran gets to charge $2 million a ship for passage through the Strait, in perpetuity.
- Meanwhile NATO is in ruins, the US and Israel are at odds, the Gulf States know they cannot depend on the US to protect them, etc etc etc
“Another such victory and we are undone!”
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@harleyf The food is better as well, bc the government supports smaller producers. So, small towns in rural areas have a bit more money circulating in their local economies. Houses are well-kept. Communities thrive. And the food is better. Lactose-free curds at fromagerie Bergeron!!
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Québec: #1 in North America for life expectancy
Feels a lot like a blue zone.
Joie de vivre. Strong community. Slower meals. Deep connections.

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@FurkanGozukara @yanisvaroufakis Yanis, I quoted your book on this article about "The Epstein Class": x.com/i/status/20393…
Bryce McBride@mcbride_bryce
The wars being fought in Ukraine and Russia, in Palestine and the Levant, and in Iran and its neighbours, are directly attributable to the decisions made by the unaccountable "Epstein Class." #EpsteinClass #Corruption #IranWar linkedin.com/pulse/epstein-…
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@matthewstoller My article, which was published today, says much the same: x.com/i/status/20393…
Bryce McBride@mcbride_bryce
The wars being fought in Ukraine and Russia, in Palestine and the Levant, and in Iran and its neighbours, are directly attributable to the decisions made by the unaccountable "Epstein Class." #EpsteinClass #Corruption #IranWar linkedin.com/pulse/epstein-…
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The reason Democrats have no position on the war is because no one has a coherent view on what to do. It’s not on them.
The U.S. is basically the bank account and army for global oligarchs. This positioning is not good for Americans and it’s not good for the world. But it’s also impossible to imagine an alternative.
The foreign policy establishment sees their work as a hobby. The U.S. is so endlessly rich and heroic that it’s all a game. They don’t think that the realm of foreign affairs should be good for ordinary people; that’s a rhetorical afterthought. To them the deindustrialization and erosion of the middle class at the heart of the destabilization of the world is sad but necessary, if they bother to notice it at all.
The left foreign policy world is not actually that different. They are libertarian and hostile to Americans, and they don’t care about economics. Foreign policy to them is a hobby of the rich, it’s just the U.S. is the central villain instead of central hero. They do not understand or care about deindustrialization as a result of Chinese overcapacity, which is a central and fundamental foreign policy challenge. To them that’s handwaving away as ‘economics’ and boring. Let’s just do ‘care’ work, they imagine, as if a nation that makes nothing and imports food can afford to have its young people do nothing but wipe the asses of the old.
What does a non-oligarch driven America actually do? What does it look like? Well for starters we pull back dramatically from the rest of the world. No troops in Europe, maybe offer some defense weapons to East Asian nations. No presence in the Middle East. Cut Israel loose entirely. Total revamp of our bloated and incompetent military and its corrupt establishment. Fire most admirals and generals and put in a new generation capable of actually thinking.
This change will require us to be a LOT more protectionist. We put up huge trade barriers so that we can rebuild our industries. We also impose capital controls and confiscate or tax assets held by foreigners. No foreign ownership of land. We are not your bank account, Mr. Saudi Prince or Chinese money launderer.
Finally, we crush capitalism. Rebuild our farms and factories. No more driving our corporations for shareholders. Lots of public utility regulation or nationalization of assets. No more private equity. No more crypto or corporate gambling. If you want to make money, you do something useful. Otherwise it’s poverty or handcuffs.
America needs to be run for its people, not for the Epstein Class or for weirdos who can’t go over the Iranian overthrow of the shah or for lefty hobbyists funded by Koch industries to deindustrialize what’s left of what we have.
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@80s_channel Buy Microsoft at its IPO in 1986 and hold. I had about 5k saved up from summer jobs by then. That 5k would be worth 28 million dollars today.
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As published in the Pembroke Observer and News: pembrokeobserver.com/opinion/the-ep…
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The wars being fought in Ukraine and Russia, in Palestine and the Levant, and in Iran and its neighbours, are directly attributable to the decisions made by the unaccountable "Epstein Class." #EpsteinClass #Corruption #IranWar linkedin.com/pulse/epstein-…
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