For most of the 20th century, Canadians have seen their standard of
living improve steadily and at a breath-taking pace comparable to that
of the United States. As a consequence, Canada emerged from World War
II as the second-wealthiest industrialized country in the world. In
fact, those who look beyond the economic data to measure well-being -
which would further include other social indicators such as health and
education, as does the United Nations - often conclude that Canada is
the best nation in which to live. Canada's well-crafted social union
- based on the principle of sharing our economic success between
regions, provinces and people - certainly deserves much credit for
this situation. However, when we strip away the social data and look
solely at the economic data relating to well-being, which is after all
the fundamental building block of these indices, a very different
picture emerges today. Canada is no longer atop this economic
pyramid. Canada is not only not the second-wealthiest nation anymore,
it is not even in the top ten among the industrialized countries.
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