Economy's 'Drivers' Myth Debunked: Collective Demand Propels Growth

Financial Post columnist William Watson recently attended a conference where Canadian astronaut Jeremy Hansen spoke about Canada's future in space.

Hansen discussed the opportunities in space, particularly when it comes to critical minerals. He emphasized the importance of continued involvement in space exploration and discovery.

Watson notes that proponents of individual industries often claim their activities drive the economy and create jobs. However, he argues that this perspective is misguided.

Economists counter that businesses respond to demand, not drive it. According to Watson, an economy where everyone drives it is an economy no one drives.