The numbers on capital investment generally tell a totally different story to what you've just said. Canada is getting cents on the dollar per dollar invested per typical U.S. worker. In Switzerland, investment per worker is double what it is in Canada. We are simply not equipping our workers as well. I'm glad of the individual success stories, but when you look at the numbers across the board, they're not so encouraging.
I think Canada should be doing more to incent investment of various kinds. We do have to match the United States when it comes to depreciation. It's possible that we could do a lot better on some of the intangible investments if we had a special lower tax rate for intellectual property, a derived income, as a number of countries, including the United States, have done.
There are things we could be doing, but in general, right now, when I look at the numbers on investment, I see the capital stock falling per worker as it has now done for seven years. That has not happened since the 1930s and the Second World War. I do not think that the prospects for turning our performance in terms of real wage growth and living standards are good if we do not get those global investment numbers out.
I'm happy to hear about the individual stories, but when you tot it up across the board, there's something—