Social Capital Partners🇨🇦

The problem with GDP per capita | CBC's West of Centre New research by economist and SCP Fellow Gillian Petit estimates what Canada’s GDP per capita would have been over the past decade if Canada had kept our temporary resident numbers stable. On CBC…

Economist and SCP Fellow @gillianpetit.bsky.social dissects the metric that politicians love to wield.

Learn more about her research on GDP per capita and why we should blame the denominator before we blame the economy.

West of Centre | CBC Podcasts | CBC Listen Kathleen Petty sits down with politicians, pundits, and other thoughtful westerners for conversations about the priorities, preoccupations and politics of Albertans and others who are West of Centre.

Is Canada as poor as its neighbours as the GDP per capita measures seem to indicate? @gillianpetit.bsky.social says no, and rightfully IMO. Listen to this short 20min piece on West of Centre. www.cbc.ca/listen/cbc-p... #econsky #cdnpoli

Hoo? Hoo didn't know?

How tariffs work. Political cartoon of Trump peeing onto a fan with a red maple leaf and the air blowing the stream of urine back into his own face.

Another gem from the trade war. #Never51 #Cdnpoli #CanadaSky

Text on yellow background beside photo of US Senator Bernie Sanders speaking at a mic. Reads: "The situation has become so absurd that just four hedge fund managers on Wall Street make more money in a single year than every kindergarten teacher in America combined - ove 120,000 teachers." Attributed to Sen. Bernie Sanders, July 24, 2025.

“We need the best education system in the world, and that means we need the best teachers. To get the best teachers, we need to pay them what they deserve."

- Sen. Bernie Sanders at a Senate Committee town hall.

#Absurd

Image c/o @inequalitymedia.bsky.social

DoorDash defends drip pricing DoorDash is fighting for its right to charge...

DoorDash is fighting for its right to charge you $25 to deliver a $12 burger.

They want Canada’s Competition Tribunal to toss a lawsuit accusing the app of "drip pricing" - advertising one price, then piling on mandatory fees at checkout.

#ConsumerFairness

🔗 readthepeak.com/stories/07-2...

Employee ownership and firm performance: a meta‐analysis Employee ownership has been an area of significant practitioner and academic interest for the past four decades. Yet, empirical results on the relationship between employee ownership and firm perform....

A 2016 metastudy of 102 samples representing 56,984 firms finds that employee ownership is positively associated with productivity.

These findings align with a growing body of research showing that businesses owned by their workers tend to be more productive than other companies.

I got the idea for this week’s issue after recent thoughtful conversations that showed me many people aren’t very familiar with the political economy of our food systems. Hence an explainer on the ABCDs. Special thanks to @jennifer-clapp.bsky.social for her work, which I heavily relied on.

The new Critical Takes newsletter is out!

This one's mainly a short essay on thinking big about the problem of corporate power.

criticaltakes.org/newsletters/...

A new middle-power alliance would give Canada leverage and Canadians hope | The Hill Times Canada should lead the world’s middle powers in a collective and overdue weaning from American primacy by establishing a grand new security and economic alliance. As SCP Chair Jon Shell argues in The ...

socialcapitalpartners.ca/a-new-middle...

Inside the Private Equity Scam—and the Livelihoods It Has Destroyed Financiers have bamboozled the public for years about their expertise in “fixing” companies. Yet they often—and sometimes deliberately—run them into the ground.

Write a bit about @greenwell.bsky.social's very good book, which among other things has some excellent anecdotes about how private equity guys understand their role in the world

newrepublic.com/article/1983...

If we were going to build a sky scraper, we would never make the bottom shaky and unstable and throw all the weight on top.

So why should we build our economy that way? If this pattern continues, the whole thing will topple over.

94% of teachers have had to dip into their own pockets to buy school supplies. An estimated 1 in 6 have second jobs during the school year to make ends meet.

The average Wall Street employee got a record $244,700 bonus last year.

Something has gone terribly wrong.

YouTube video by The Interview Robert Reich: How Bullies Drive Economic Inequality | The Interview

"Inequality — be it economic, racial or political — erodes social trust, diminishes belief in democracy and can create openings for demagogues."

@rbreich.bsky.social in the NYT Interview.

🔗 www.youtube.com/watch?v=xJtC...

Text on image: We believe highly unequal societies are unstable societies - and not in anyone's long-term interests.

When working people get ahead, Canada gets ahead. When working people win, Canada wins.

#CanadaSky #CdnPoli

YouTube video by The Weekly Show with Jon Stewart Makers, Takers & America’s Wealth Distribution Problem | The Weekly Show with Jon Stewart

In this week’s new #TheWeeklyShow episode, Jon, Clara Mattei & James Robinson discuss ⬇️:

>> Income vs. Wealth Inequality
>> Government Intervention

𝘗𝘭𝘶𝘴…

>> The Epstein Hoax
>> Elmo Lets Looza

NEW YouTube video out now.
www.youtube.com/watch?v=-d6a...

Labour shouldn’t fear taxing the rich – the people I work with would welcome it | Stephanie Brobbey The UK still holds many attractions for the privileged despite prophecies of a wealth exodus if Rachel Reeves swoops, says Stephanie Brobbey of the Good Ancestor Movement

Love the work that the Good Ancestors Movement is doing.

We have these issues in Canada and they might get worse. Those who earn their money from their assets pay less in taxes than those who make their money from work.

And they are lobbying for even more.

www.theguardian.com/commentisfre...

Don’t be fooled by the “productivity” panic in Canada - CCPA Canada is facing an affordability crisis. But instead of confronting the root causes, political leaders have turned to an old culprit: low productivity. If we just produce more, work harder, and grow ...

www.policyalternatives.ca/news-researc...

Evergreen post.

#AlwaysCanada #Never51 #StillLOL

Social Capital Partners Social Capital Partners Email Forms

Can't get enough Social Capital Partners?

Subscribe to our biweekly news roundup:

Sellers’ inflation is back on the horizon. We can stop it before working people pay the price. Trade-war chaos and confusion are creating a perfect storm for sellers' inflation—when companies with market control choose to hike prices to gouge consumers and grow their profits when they have the…

There are good reasons to accept *some* tariff-related inflation—elbows up, right? But we shouldn’t allow opportunistic sellers to use the crisis to mask their corporate profiteering.

socialcapitalpartners.ca/sellers-infl...

#EconSky #CdnPoli #CanadaSky

💼🤝 "Wealth Building for Young Canadians" written by Max Bell School of Public Policy students Gabriel Blanc, Samuel De Grâce, Kiran Gill, and Jacob Kates Rose for @scpartners.bsky.social.

www.mcgill.ca/maxbellschoo...

New research from Gillian Petit shows Canada's current GDP per capita ranking compared to where we would be if non-permanent residents were held at 2% of population.

Bottom line: GDP per capita is a flawed measure that doesn't reflect real economic performance.

#GDPpercapita #MeasureWhatMatters

Now #hiring! Executive Assistant to the CEO, Social Capital Partners Social Capital Partners is seeking a highly organized and proactive Executive Assistant (EA) to the CEO who thrives in a fast-paced, mission-oriented environment. While this is a true EA position…

If you're part wonk, part project manager, this could be for you!

Still accepting applications for the EA to the CEO role at Social Capital Partners until EOD today.

Check it out: socialcapitalpartners.ca/hiring-ea/

#Hiring #EA #PublicPolicy

@gillianpetit.bsky.social

#CanadaSky #EconSky #GDPpercapita #Cdnpoli #Cdnmedia #AlwaysCanada #Never51

Non-Permanent Residents and their impact on GDP per capita | Report New research by economist and SCP Fellow Gillian Petit estimates what Canada’s GDP per capita would have been over the past decade if Canada had kept our temporary resident numbers stable. She also es...

Research report by economist and SCP Fellow Dr. Gillian Petit: socialcapitalpartners.ca/nprs-and-gdp...

Blame the denominator, not the economy Over the last couple of years, there have been countless articles warning of Canada’s poor economic performance. The mic drop has increasingly been Canada’s poor performance relative to peer countries...

Blog article by @mendelmatt.bsky.social and @danskilleter.bsky.social: tinyurl.com/4bjdyccb

GDP per capita is a deeply flawed measurement for evaluating rich countries and is easily influenced by factors that have zilch to do with economic well-being.

How's 🍁economy? New research shows it's about the same as Germany, the UK and Aus.

Read more at: tinyurl.com/4bjdyccb

I just listened to Episode 3.

It's an extraordinary listen and well worth your time.