It seems to me that in the absence of fraud, coercion and theft, the accumulation of wealth is accomplished by consensual trading of goods or services or the proxy of money between willing partners. In all such pure transactions both parties receive net benefit or the trade would not take place. It is this mutually beneficial trading that creates growth in wealth of a society or a nation. The growth is measured by the increase in overall satisfaction of both trading partners.
On the other hand, a society that permits fraud, coercion or theft will suffer a decline in national worth. That is because the sum of satisfaction will be neutral or net negative. Taxes that are not perceived as a good trade are THEFT. Forcing companies or governments to negotiate with labour cartels is COERCION. Promises of future benefits (medicare, CPP etc) that will not provide the anticipated services constitute FRAUD.
It is my opinion that Canada in its current form fails on the basis of all three tests.