I've been thinking about this for a while and recently read a post by herbie pretty much bemoaning the same thing:
What ever happened to Canadian Industry?
Are we forever doomed to be hewers of wood and drawers of water?
Yeah, we have Bombardier... thank god
But where is the Canadian car? the Canadian TV... cell phone... not even a god-damned Canadian washing machine!
Sweden, for example, with a population of 9.25 million people, has TWO huge car companies: Volvo and Saab. Saab also makes fighter jets that defend their small country. Do we even build ships any more?
The 20 largest companies in Sweden are
- Volvo (vehicles)
- Ericsson (tech)
- Vattenfall (power)
- Skanska (construction)
- Sony Ericsson Mobile Communications
- Svenska Cellulosa Aktiebolaget (paper)
- Electrolux (appliances)
- Volvo Personvagnar (cars)
- TeliaSonera (telco)
- Sandvik (tech)
- Scania (trucks)
- ICA (retail food)
- Hennes & Mauritz (clothing)
- Nordea (financial services)
- Preem (energy)
- Atlas Copco (industrial mfr)
- Securitas (Security)
- Nordstjernan (financial services)
- SKF (industrial mfr)
Sweden's engineering sector accounts for 50% of output and exports.
They are hewers of silicon and drawers of blueprints!
And Canada's top 20?
- Royal Bank Of Canada
- Manulife Financial
- Bank Of Nova Scotia Properties
- Toronto-Dominion Bank
- Encana Corporation HQ (energy)
- Bank Of Montreal
- Canadian Imperial Bank Of Commerce
- Bce (Bell Canada)
- Canada Imperial Oil
- Petro-Canada
- Thomson Company (media)
- Power Corporation Of Canada
- Alcan Inc
- Canadian Natural Resources Limited
- Canadian National Railway Company
- Shell Canada Limited
- Suncor Energy Inc
- Magna International (industrial mfr)
- Husky Energy
- Transcanada Corporation (energy)
I guess we are more accurately described hewers of double-entry accounting and drawers of fossil fuels.