--- title: "Meaning & Key Takeaway of: Canada is a malstructured. You could…" description: "\"Canada is a malstructured. You could almost call it a failed economy, except that its natural resources are so rich that everybody can get wealthy off ..." image: "https://sms4smile.com/quotes/i/136/michael-hudson-2134_canada_canada-is-a-malstructured-you-could-almo_1680130.jpg" --- # Canada is a malstructured. You could almost call it a… ![“Canada is a malstructured. You could almost call it a failed economy, except that its natural resources are so rich that everybody can get wealthy off making holes in the ground and digging up the oil and polluting the environment.” quote by Michael Hudson](https://sms4smile.com/quotes/i/136/michael-hudson-2134_canada_canada-is-a-malstructured-you-could-almo_1680130.jpg) [Download](https://sms4smile.com/quotes/i/136/michael-hudson-2134_canada_canada-is-a-malstructured-you-could-almo_1680130.jpg) [Open image](https://sms4smile.com/quotes/i/136/michael-hudson-2134_canada_canada-is-a-malstructured-you-could-almo_1680130.jpg) > “Canada is a malstructured. You could almost call it a failed economy, except that its natural resources are so rich that everybody can get wealthy off making holes in the ground and digging up the oil and polluting the environment.” [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Canada’s economy relies heavily on resource extraction, creating wealth but causing environmental harm and structural issues. **In simple terms:** Canada’s wealth comes from resource extraction, causing environmental damage. Key Takeaway Balance resource wealth with sustainable policies. Themes economics environment politics resource management Mood critical analytical Type policy economic When to use this quote - policy making - investment decisions - environmental advocacy Key Concepts sustainability structural analysis wealth distribution Questions to Reflect On - How can Canada diversify its economy? - What policies reduce environmental impact? A Different Perspective Resource dependence can hinder diversification and long‑term stability. ★ ★ ★ ★ ★ No ratings yet [Canada](https://sms4smile.com/quotes/about/canada/) [Canada Malstructured](https://sms4smile.com/quotes/about/canada-malstructured-948823/) [Economics](https://sms4smile.com/quotes/about/economics/) [Economy](https://sms4smile.com/quotes/about/economy/) [Economy Natural](https://sms4smile.com/quotes/about/economy-natural-948825/) [Environment](https://sms4smile.com/quotes/about/environment/) [Failed Economy](https://sms4smile.com/quotes/about/failed-economy-948824/) [Natural](https://sms4smile.com/quotes/about/natural/) [Natural resources](https://sms4smile.com/quotes/about/natural-resources/) [Rich](https://sms4smile.com/quotes/about/rich/) [Wealthy](https://sms4smile.com/quotes/about/wealthy/) ## Related quotes > [Hillary Clinton failed on the economy, just like she's failed on foreign policy. Everything she touched didn't work out. Nothing.](https://sms4smile.com/quotes/donald-trump/hillary-clinton-failed-on-the-economy-just-like-she-s-failed-on/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) > [In a knowledge economy, natural selection favors organizations that can most effectively harness and coordinate collective intellectual energy and creative capacity.](https://sms4smile.com/quotes/justin-rosenstein/in-a-knowledge-economy-natural-selection-favors-organizations-that/) [Justin Rosenstein](https://sms4smile.com/quotes/author/justin-rosenstein/) > [Global warming threatens our health, our economy, our natural resources, and our children's future. It is clear we must act.](https://sms4smile.com/quotes/eliot-spitzer/global-warming-threatens-our-health-our-economy-our-natural-resources/) [Eliot Spitzer](https://sms4smile.com/quotes/author/eliot-spitzer/) > [Though my heart may be left of centre, I have always known that the only economic system that works is a market economy... This…](https://sms4smile.com/quotes/vaclav-havel/though-my-heart-may-be-left-of-centre-i-have-always-known-that-the/) [Vaclav Havel](https://sms4smile.com/quotes/author/vaclav-havel/) > [“In a designed economy there would be no trees, or certainly no very tall trees: no forests, no canopy. Trees are a waste. Trees…](https://sms4smile.com/quotes/richard-dawkins/in-a-designed-economy-there-would-be-no-trees-or-certainly-no-very/) [Richard Dawkins](https://sms4smile.com/quotes/author/richard-dawkins/) > [What is working in the economy is a natural comeback plus some effects of the policies we've been following. But I'm sort of worried…](https://sms4smile.com/quotes/e-j-dionne/what-is-working-in-the-economy-is-a-natural-comeback-plus-some/) [E. J. Dionne](https://sms4smile.com/quotes/author/e-j-dionne/) > [Africa is wealthy in natural resources; the problem is they are not optimally utilized.](https://sms4smile.com/quotes/yoweri-museveni/africa-is-wealthy-in-natural-resources-the-problem-is-they-are-not/) [Yoweri Museveni](https://sms4smile.com/quotes/author/yoweri-museveni/) > [The country that's been most successful at that is Norway. The more typical countries are those in the Middle East where a small group…](https://sms4smile.com/quotes/joseph-stiglitz/the-country-that-s-been-most-successful-at-that-is-norway-the-more/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [“Oligarchy: Rule by the few, usually the richest One Percent. In Aristotle’s political theory, oligarchy is the stage into which democracy evolves, and which…](https://sms4smile.com/quotes/michael-hudson/oligarchy-rule-by-the-few-usually-the-richest-one-percent-in/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [For a Canadian, natural resources were a good fit.](https://sms4smile.com/quotes/peter-munk/for-a-canadian-natural-resources-were-a-good-fit/) [Peter Munk](https://sms4smile.com/quotes/author/peter-munk/) > [Canada, by others in the global family, is, for some reason, taken seriously. They have about 30 million people. They have some natural resources.](https://sms4smile.com/quotes/tucker-carlson/canada-by-others-in-the-global-family-is-for-some-reason-taken/) [Tucker Carlson](https://sms4smile.com/quotes/author/tucker-carlson/) > [“In American terms, the accomplishment of Genghis Khan might be understood if the United States, instead of being created by a group of educated…](https://sms4smile.com/quotes/jack-weatherford/in-american-terms-the-accomplishment-of-genghis-khan-might-be/) [Jack Weatherford](https://sms4smile.com/quotes/author/jack-weatherford/) > [The United States is a very important country to us in the international context. But on other hand, Angola is also important to the…](https://sms4smile.com/quotes/joao-lourenco/the-united-states-is-a-very-important-country-to-us-in-the/) [Joao Lourenco](https://sms4smile.com/quotes/author/joao-lourenco/) > [I've said multiple times that the world's first trillionaire is going to be the person who exploits the resources of asteroids, the natural resources…](https://sms4smile.com/quotes/neil-degrasse-tyson/i-ve-said-multiple-times-that-the-world-s-first-trillionaire-is-going/) [Neil deGrasse Tyson](https://sms4smile.com/quotes/author/neil-degrasse-tyson/) > [All our efforts to defeat poverty and pursue sustainable development will be in vain if environmental degradation and natural resource depletion continue unabated.](https://sms4smile.com/quotes/kofi-annan/all-our-efforts-to-defeat-poverty-and-pursue-sustainable-development/) [Kofi Annan](https://sms4smile.com/quotes/author/kofi-annan/) ## More by Michael Hudson > [Europe is creating the flight of refugees that's tearing it apart politically, and leading rightwing nationalist parties to gain power to withdraw from the…](https://sms4smile.com/quotes/michael-hudson/europe-is-creating-the-flight-of-refugees-that-s-tearing-it-apart/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [This is not really currency that circulates. It's like the old joke about expensive vintage wine. Wine prices will go up and once in…](https://sms4smile.com/quotes/michael-hudson/this-is-not-really-currency-that-circulates-it-s-like-the-old-joke/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [Nobody prefers to earn income any more, because that's taxable. Rich people prefer to make capital gains.](https://sms4smile.com/quotes/michael-hudson/nobody-prefers-to-earn-income-any-more-because-that-s-taxable-rich/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [Nothing could be better for the economy than to get rid of fracking.](https://sms4smile.com/quotes/michael-hudson/nothing-could-be-better-for-the-economy-than-to-get-rid-of-fracking/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [If you end internet neutrality and permit mergers of the big information technology corporations, that's a form of rent seeking. It's part of today's…](https://sms4smile.com/quotes/michael-hudson/if-you-end-internet-neutrality-and-permit-mergers-of-the-big/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [Deflation means a slowdown of income growth. Markets shrink, new capital investment and employment also taper off, so wages decline. That is what's happening…](https://sms4smile.com/quotes/michael-hudson/deflation-means-a-slowdown-of-income-growth-markets-shrink-new/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [What's bad for the frackers usually is good for the rest of the world.](https://sms4smile.com/quotes/michael-hudson/what-s-bad-for-the-frackers-usually-is-good-for-the-rest-of-the-world/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [You could say that the vote to withdraw from Europe is, it's really a vote of the British middle class, the working class, to…](https://sms4smile.com/quotes/michael-hudson/you-could-say-that-the-vote-to-withdraw-from-europe-is-it-s-really-a/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [Actually, high housing prices don't help the economy. They raise the cost of living.](https://sms4smile.com/quotes/michael-hudson/actually-high-housing-prices-don-t-help-the-economy-they-raise-the/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [When economists speak of money, they neglect that all money and credit is debt. That is the essence of bookkeeping and accounting. There are…](https://sms4smile.com/quotes/michael-hudson/when-economists-speak-of-money-they-neglect-that-all-money-and-credit/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [The United States and Europe are in a state of debt deflation, where people and businesses have to pay banks instead of spending their…](https://sms4smile.com/quotes/michael-hudson/the-united-states-and-europe-are-in-a-state-of-debt-deflation-where/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [On the flat tax, the more you compress the tax rates, the more you untax where the income is really made, at the top…](https://sms4smile.com/quotes/michael-hudson/on-the-flat-tax-the-more-you-compress-the-tax-rates-the-more-you/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [Income is sucked upward to the creditors, who then foreclose on the assets of debtors. This shrinks tax revenue, forcing public budgets into deficit.…](https://sms4smile.com/quotes/michael-hudson/income-is-sucked-upward-to-the-creditors-who-then-foreclose-on-the/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [Debtor countries may postpone the inevitable by borrowing from the IMF or U.S. Treasury to buy out bondholders. This saves the latter from taking…](https://sms4smile.com/quotes/michael-hudson/debtor-countries-may-postpone-the-inevitable-by-borrowing-from-the/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [No price is too high to pay to try to make the financial system go on a little bit longer. But ultimately it can't…](https://sms4smile.com/quotes/michael-hudson/no-price-is-too-high-to-pay-to-try-to-make-the-financial-system-go-on/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) [Explore all 184 Michael Hudson quotes ](https://sms4smile.com/quotes/author/michael-hudson/) ## More Canada quotes > [You, of Canada, are building a magnificent record of achievement. My country rejoices in it.](https://sms4smile.com/quotes/dwight-d-eisenhower/you-of-canada-are-building-a-magnificent-record-of-achievement-my/) [Dwight D. Eisenhower](https://sms4smile.com/quotes/author/dwight-d-eisenhower/) > [“In American terms, the accomplishment of Genghis Khan might be understood if the United States, instead of being created by a group of educated…](https://sms4smile.com/quotes/jack-weatherford/in-american-terms-the-accomplishment-of-genghis-khan-might-be/) [Jack Weatherford](https://sms4smile.com/quotes/author/jack-weatherford/) > [Plant flowers in others' gardens and your life becomes a bouquet! Submitted by Lisa Letto, Coordinator, Nutrition Resource and Volunteer Centre, College of Pharmacy…](https://sms4smile.com/quotes/rabindranath-tagore/plant-flowers-in-others-gardens-and-your-life-becomes-a-bouquet/) [Rabindranath Tagore](https://sms4smile.com/quotes/author/rabindranath-tagore/) > [Our country has shown a lack of will to resist its own disintegration .. . Canada is practically the only country left in the…](https://sms4smile.com/quotes/northrop-frye/our-country-has-shown-a-lack-of-will-to-resist-its-own-disintegration/) [Northrop Frye](https://sms4smile.com/quotes/author/northrop-frye/) > [“Not very long ago I was driving with my husband on the back roads of Grey County, which is to the north and east…](https://sms4smile.com/quotes/alice-munro/not-very-long-ago-i-was-driving-with-my-husband-on-the-back-roads-of/) [Alice Munro](https://sms4smile.com/quotes/author/alice-munro/) > [Purchasing items made in the U.S. for our stores here or Canadian goods for our stores in Canada makes good business sense because it…](https://sms4smile.com/quotes/doug-mcmillon/purchasing-items-made-in-the-u-s-for-our-stores-here-or-canadian/) [Doug McMillon](https://sms4smile.com/quotes/author/doug-mcmillon/) > [One of the things that I miss about Canada is that even the strangers, you have an immediate rapport, there's just an understanding that…](https://sms4smile.com/quotes/evangeline-lilly/one-of-the-things-that-i-miss-about-canada-is-that-even-the-strangers/) [Evangeline Lilly](https://sms4smile.com/quotes/author/evangeline-lilly/) > [I've never been invited to do an exhibition or do a talk in England, except once, about 10 years ago. I've given talks all…](https://sms4smile.com/quotes/brian-wildsmith/i-ve-never-been-invited-to-do-an-exhibition-or-do-a-talk-in-england/) [Brian Wildsmith](https://sms4smile.com/quotes/author/brian-wildsmith/) > [Canada has become such a staging area for Chinese money.](https://sms4smile.com/quotes/kevin-kwan/canada-has-become-such-a-staging-area-for-chinese-money/) [Kevin Kwan](https://sms4smile.com/quotes/author/kevin-kwan/) > [“To be honest, it's a real relief to go to Canada where I can be among my relatives. Just the kind of break I…](https://sms4smile.com/quotes/ken-puddicombe/to-be-honest-it-s-a-real-relief-to-go-to-canada-where-i-can-be-among/) [Ken Puddicombe](https://sms4smile.com/quotes/author/ken-puddicombe/) > [When I left Canada for Bayern, people said, 'You'll never make it. You'll be back in a year.' I stopped going to school because…](https://sms4smile.com/quotes/owen-hargreaves/when-i-left-canada-for-bayern-people-said-you-ll-never-make-it-you-ll/) [Owen Hargreaves](https://sms4smile.com/quotes/author/owen-hargreaves/) > [LEGO has announced that they are shutting down their U.S. factory and moving it to Canada. LEGO employees say it's their fault because they…](https://sms4smile.com/quotes/conan-o-brien/lego-has-announced-that-they-are-shutting-down-their-u-s-factory-and/) [Conan O'Brien](https://sms4smile.com/quotes/author/conan-o-brien/) > [It's so Canada. On some level, you laugh, but on another level, it's just depressing. We pride ourselves: We're not like the bad old…](https://sms4smile.com/quotes/constance-backhouse/it-s-so-canada-on-some-level-you-laugh-but-on-another-level-it-s-just/) [Constance Backhouse](https://sms4smile.com/quotes/author/constance-backhouse/) > [The movement across Canada to fight toxic chemicals is a women's movement. It's a concern about health; it's very intimate.](https://sms4smile.com/quotes/elizabeth-may/the-movement-across-canada-to-fight-toxic-chemicals-is-a-women-s/) [Elizabeth May](https://sms4smile.com/quotes/author/elizabeth-may/) > [I grew up working in Canada so everything was low budget.](https://sms4smile.com/quotes/ellen-page/i-grew-up-working-in-canada-so-everything-was-low-budget/) [Ellen Page](https://sms4smile.com/quotes/author/ellen-page/) [Browse all 1,873 Canada quotes ](https://sms4smile.com/quotes/about/canada/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Canada is a malstructured. You could almost call it a failed economy, except that its natural resources are so rich that everybody can get wealthy off making holes in the ground and digging up the oil and polluting the environment.", "creator": { "@type": "Person", "name": "Michael Hudson" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/michael-hudson/canada-is-a-malstructured-you-could-almost-call-it-a-failed-economy/", "about": { "@type": "Thing", "name": "Canada" }, "@id": "https://sms4smile.com/quotes/michael-hudson/canada-is-a-malstructured-you-could-almost-call-it-a-failed-economy/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/136/michael-hudson-2134_canada_canada-is-a-malstructured-you-could-almo_1680130.jpg", "contentUrl": "https://sms4smile.com/quotes/i/136/michael-hudson-2134_canada_canada-is-a-malstructured-you-could-almo_1680130.jpg", "url": "https://sms4smile.com/quotes/i/136/michael-hudson-2134_canada_canada-is-a-malstructured-you-could-almo_1680130.jpg", "width": 1080, "height": 1080, "caption": "“Canada is a malstructured. You could almost call it a failed economy, except that its natural resources are…” — Michael Hudson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Michael Hudson", "item": "https://sms4smile.com/quotes/author/michael-hudson/" }, { "@type": "ListItem", "position": 4, "name": "Canada is a malstructured. You could...", "item": "https://sms4smile.com/quotes/michael-hudson/canada-is-a-malstructured-you-could-almost-call-it-a-failed-economy/" } ], "@id": "https://sms4smile.com/quotes/michael-hudson/canada-is-a-malstructured-you-could-almost-call-it-a-failed-economy/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```