Jim Balsillie

Yeah, I'm trying to spend most of my time with you today characterizing what's going on. I've only said one normative thing to date so far in this, which was my belief in capitalism in a liberal democracy as the best way for human flourishing. And I'm going to give you what I plan to be only the second normative thing that I plan to say today that I think...

Yeah, I'm trying to spend most of my time with you today characterizing what's going on. I've only said one normative thing to date so far in this, which was my belief in capitalism in a liberal democracy as the best way for human flourishing. And I'm going to give you what I plan to be only the second normative thing that I plan to say today that I think...

that Trump's behavior is un-presidential, it's unprovoked, it's unkind, it's almost certainly illegal, though, though hard to enforce. Yeah, which matters. But in the characterization, I'm also going to say that I think he miscalculated and it's actually been unwise and is counterproductive to America's interests and actually in Canada's interests if we seize it.

that Trump's behavior is un-presidential, it's unprovoked, it's unkind, it's almost certainly illegal, though, though hard to enforce. Yeah, which matters. But in the characterization, I'm also going to say that I think he miscalculated and it's actually been unwise and is counterproductive to America's interests and actually in Canada's interests if we seize it.

that Trump's behavior is un-presidential, it's unprovoked, it's unkind, it's almost certainly illegal, though, though hard to enforce. Yeah, which matters. But in the characterization, I'm also going to say that I think he miscalculated and it's actually been unwise and is counterproductive to America's interests and actually in Canada's interests if we seize it.

So I think this is a fascinating... And to sort of, for Canada, to quote the famous Yogi Berra, when you reach a fork in the road, you got to take it. Right. And so Trump sees Mexico as just a commodified labor to lowest cost for blue-collar candidates to commodified labor at white-collar workers. And it's all going to be subsidized.

So I think this is a fascinating... And to sort of, for Canada, to quote the famous Yogi Berra, when you reach a fork in the road, you got to take it. Right. And so Trump sees Mexico as just a commodified labor to lowest cost for blue-collar candidates to commodified labor at white-collar workers. And it's all going to be subsidized.

So I think this is a fascinating... And to sort of, for Canada, to quote the famous Yogi Berra, when you reach a fork in the road, you got to take it. Right. And so Trump sees Mexico as just a commodified labor to lowest cost for blue-collar candidates to commodified labor at white-collar workers. And it's all going to be subsidized.

And so I actually think the appeasement – there's a little bit of benefit in appeasement and diplomacy because you inform the U.S. that he may have to dial a few things back a little bit because it's counter to Americans' interests, not because he's – compassionate to Canada economically or socially or security-wise. But I think he's said what he is. He believes that...

And so I actually think the appeasement – there's a little bit of benefit in appeasement and diplomacy because you inform the U.S. that he may have to dial a few things back a little bit because it's counter to Americans' interests, not because he's – compassionate to Canada economically or socially or security-wise. But I think he's said what he is. He believes that...

And so I actually think the appeasement – there's a little bit of benefit in appeasement and diplomacy because you inform the U.S. that he may have to dial a few things back a little bit because it's counter to Americans' interests, not because he's – compassionate to Canada economically or socially or security-wise. But I think he's said what he is. He believes that...

that they are the empire, that you must pay a tax for the privilege of participating with the empire, interrelated with the empire. He wants to rename the Internal Revenue Service, the External Revenue Service, and that people's taxes domestically can go down in the US, and that it's paid for through tariffs.

that they are the empire, that you must pay a tax for the privilege of participating with the empire, interrelated with the empire. He wants to rename the Internal Revenue Service, the External Revenue Service, and that people's taxes domestically can go down in the US, and that it's paid for through tariffs.

that they are the empire, that you must pay a tax for the privilege of participating with the empire, interrelated with the empire. He wants to rename the Internal Revenue Service, the External Revenue Service, and that people's taxes domestically can go down in the US, and that it's paid for through tariffs.

And in economics, in prosperity, in a global system, the number one objective is to improve your terms of trade. And terms of trade is really simple, that it's the ratio of the price of what you sell to what you buy. And if you get a better price for what you sell, your terms of trade go up. If you pay more for something that you buy, your terms of trade go down.

And in economics, in prosperity, in a global system, the number one objective is to improve your terms of trade. And terms of trade is really simple, that it's the ratio of the price of what you sell to what you buy. And if you get a better price for what you sell, your terms of trade go up. If you pay more for something that you buy, your terms of trade go down.

And in economics, in prosperity, in a global system, the number one objective is to improve your terms of trade. And terms of trade is really simple, that it's the ratio of the price of what you sell to what you buy. And if you get a better price for what you sell, your terms of trade go up. If you pay more for something that you buy, your terms of trade go down.

And that's the whole game is terms of trade. And we thought that it was about comparative advantage, get out of the way. And America realized that it's about

And that's the whole game is terms of trade. And we thought that it was about comparative advantage, get out of the way. And America realized that it's about

And that's the whole game is terms of trade. And we thought that it was about comparative advantage, get out of the way. And America realized that it's about