From the Daily Caller News Foundation

By Stephen Moore

The media and the intelligentsia are laughing at President Donald Trump’s idea of the United States acquiring Greenland from Denmark. At first hearing of what seemed to be an outlandish idea, I guffawed too.

Trump’s argument is that Greenland is of strategic military and national security value to the United States. He is also betting this giant island has other rare and undiscovered assets. There is no question that it would serve as a strategic buffer between the United States and Russia and perhaps other hostile nations, including China.

This would be a purchase, not a conquest. But does it make sense? Let’s turn back the clock.

Anyone who paid attention to their U.S. history class in high school has heard of “Seward’s Folly.” This was the American acquisition of Alaska in 1867 by then-Secretary of State William Seward. The price tag was $7 million. That would be the equivalent of less than $1 billion today — or less than what Washington spends every day. Alaska is more than twice the size of Texas, so Russia practically gave it away to us.

The purchase of Alaska was showered with widespread criticism; it was an “icebox” that was viewed as uninhabitable and more suitable for polar bears than people.

How wrong the skeptics were. Alaska was soon discovered to have vast quantities of gold in the Yukon and played a strategic role during World War II. Then, of course, the North Slope of Alaska was discovered to have massive deposits of oil and gas. No doubt, Putin would love today to have Alaska in his portfolio.

Thank God for William Seward.

The idea of purchasing land in order to expand freedom and America’s manifest destiny predates the purchase of Alaska. In the first hundred years of our country’s history, we repeatedly acquired land to expand America’s reach. Most famously, was Thomas Jefferson’s Louisiana Purchase — which roughly doubled America’s land area from the original 13 colonies/states. That purchase was criticized as a “land grab” as well. But it was the gateway to the development of the West.

Florida came shortly thereafter — a virtual gift from Spain. The “Republic of Texas” was an independent territory and joined the U.S. voluntarily and we gladly and wisely brought the Lone Star state into the fold.

Needless to say, none of these acquisitions or additions was “folly.”

Which brings us back to Greenland. Why does Denmark need it? It is hard to imagine anything that would add more income, wealth and security to the less than 100,000 people living in Greenland than to plant the American flag there and make it a U.S. territory. The residents of Greenland would be able to bequeath to their children one of the greatest assets on the planet — a U.S. passport.

While we are on the topic of acquisitions, if Trump is really thinking big, he should also consider offering to bury from Mexico a 50-to-100 mile stretch of coastal land stretching from San Diego down the Pacific coast. If Mexico were to sell that land to us, this idyllic beachfront property might instantly become some of the most valuable land in the world — inflating in price by perhaps 10- to 20-fold.

Here is another thought experiment. Imagine how rich Cuba would be today, if it were an American territory. Cuba could and would be the Hong Kong of the western hemisphere if it detoured from its near seven-decade long excursion into communism.

Trump is not an imperialist. He wants to spread freedom, prosperity and peace to much of the rest of the world. The old joke about Greenland is that it is neither green nor land.

It is a vast sheet of floating ice. Plant the American flag on that ice and suddenly it becomes a hot property.

Stephen Moore is a senior fellow at the Heritage Foundation and a co-founder of Unleash Prosperity. His latest book is “The Trump Economic Miracle.”

From Resource Works

Where the money comes from isn’t hard to see – if you look at the facts

In British Columbia, the economy is sometimes discussed through the lens of a “new economy” focused on urbanization, high-tech innovation, and creative industries. However, this perspective frequently overlooks the foundational role that the province’s natural resource industries play in generating the income that fuels public services, infrastructure, and daily life.

The Economic Reality

British Columbia’s economy is highly urbanized, with 85% of the population living in urban areas as of the 2021 Census, concentrated primarily in the Lower Mainland and the Capital Regional District.
These metropolitan regions contribute significantly to economic activity, particularly in population-serving sectors like retail, healthcare, and education. However, much of the province’s income—what we call the “first dollar”—originates in the non-metropolitan resource regions.

Natural resources remain the backbone of British Columbia’s economy. Industries such as forestry, mining, energy, and agriculture generate export revenue that flows into the provincial economy, supporting urban and rural communities alike. These sectors are not only vital for direct employment but also underpin metropolitan economic activities through the export income they generate.

They also pay taxes, fees, royalties, and more to governments, thus supporting public services and programs.

Exports: The Tap Filling the Economic Bathtub

The analogy of a bathtub aptly describes the provincial economy:

• Exports are the water entering the tub, representing income from goods and services sold outside the province.
• Imports are the water draining out, as money leaves the province to purchase external goods and services.
• The population-serving sector circulates water within the tub, but it depends entirely on the level of water maintained by exports.

In British Columbia, international exports have historically played a critical role. In 2022, the province exported $56 billion worth of goods internationally, led by forestry products, energy, and minerals. While metropolitan areas may handle the logistics and administration of these exports, the resources themselves—and the wealth they generate—are predominantly extracted and processed in rural and resource-rich regions.

Metropolitan Contributions and Limitations

Although metropolitan regions like Vancouver and Victoria are often seen as economic powerhouses, they are not self-sustaining engines of growth. These cities rely heavily on income generated by resource exports, which enable the public services and infrastructure that support urban living. Without the wealth generated in resource regions, the urban economy would struggle to maintain its standard of living.

For instance, while tech and creative industries are growing in prominence, they remain a smaller fraction of the provincial economy compared to traditional resource industries. The resource sectors accounted for nearly 9% of provincial GDP in 2022, while the tech sector contributed approximately 7%.

Moreover, resource exports are critical for maintaining a positive trade balance, ensuring that the “economic bathtub” remains full.

A Call for Balanced Economic Policy

Policymakers and urban leaders must recognize the disproportionate contribution of British Columbia’s resource regions to the provincial economy. While urban areas drive innovation and service-based activities, these rely on the income generated by resource exports. Efforts to increase taxation or regulatory burdens on resource industries risk undermining the very foundation of provincial prosperity.

Furthermore, metropolitan regions should actively support resource-based industries through partnerships, infrastructure development, and advocacy. A balanced economic strategy—rooted in both urban and resource region contributions—is essential to ensure long-term sustainability and equitable growth across British Columbia.

At least B.C. Premier David Eby has begun to promise that “a new responsible, sustainable development of natural resources will be a core focus of our government,” and has told resource leaders that “Our government will work with you to eliminate unnecessary red tape and bureaucratic processes.” Those leaders await the results.

Conclusion

British Columbia’s prosperity is deeply interconnected, with urban centres and resource regions playing complementary roles. However, the evidence is clear: the resource sectors, particularly in the northern half of the province, remain the primary engines of economic growth. Acknowledging and supporting these industries is not only fair but also critical to sustaining the provincial economy and the public services that benefit all British Columbians.

Sources:

1. Statistics Canada: Census 2021 Population and Dwelling Counts.
2. BC Stats: Economic Accounts and Export Data (2022).
3. Natural Resources Canada: Forestry, Mining, and Energy Sector Reports.
4. Trade Data Online: Government of Canada Export and Import Statistics.