In my earlier post on March 11th , “Alberta Bitumen Bubble and the Canadian Economy: An Industry Analysis Case Study,” I reported the stark facts of Canada’s current economic crisis as announced by Canada’s Minister of Finance, Jim Flaherty, and Alberta Premier Allison Redford, directly resulting from pricing forecasts for “Western Canada Select” (WCS) from the oil sands. In that post I also explored the now well-established economic conundrum known as the “natural resource curse.” This simply means that economies that rely heavily on natural resource exploitation, have historically underperformed more diverse economies. This is now most certainly the case in Canada.
In honor to my UBC Management students graduating this month and early next month, I am posting this compilation of videos of commencement speeches. Yes, the Steve Jobs’ legendary Stanford commencement address is here (Jobs wore his trademark levi’s under his academic gown), but the others are equally compelling. The David Foster Wallace “What is Water?” speech is also here, but as a link to that video at the bottom of this post.