The trade data supports your "digital tenant" argument. According to Innovation, Science and Economic Development Canada, our reliance on foreign technology is outpacing our domestic production. From 2019 to 2024, Canada's ICT goods exports grew just 3.6%, while imports increased 12.6%. This widening gap confirms we are increasingly importing the critical infrastructure we should be building ourselves. Real sovereignty requires closing this trade imbalance rather than just regulating the rent we pay.
Great post gents! It’s also a metaphor for so much of our economy in its current state. We’ve all got some serious work to do to move from client state to sovereign nation.
I agree with you, but I’m not sure the Canadian economy is big enough to reach digital sovereignty like the US or China… That said, I think decoupling from US owned infra is much more doable and should be done swiftly given the annexation threats.
The trade data supports your "digital tenant" argument. According to Innovation, Science and Economic Development Canada, our reliance on foreign technology is outpacing our domestic production. From 2019 to 2024, Canada's ICT goods exports grew just 3.6%, while imports increased 12.6%. This widening gap confirms we are increasingly importing the critical infrastructure we should be building ourselves. Real sovereignty requires closing this trade imbalance rather than just regulating the rent we pay.
Great insights both. Canada has what the world needs. Let’s get to building those national champions that will lead the country.
Great post gents! It’s also a metaphor for so much of our economy in its current state. We’ve all got some serious work to do to move from client state to sovereign nation.
I agree with you, but I’m not sure the Canadian economy is big enough to reach digital sovereignty like the US or China… That said, I think decoupling from US owned infra is much more doable and should be done swiftly given the annexation threats.
Can you please speak to the public funding of venture capital being the number one source of economic leakage in the innovation economy?