Carson Jerema: Trudeau Liberals embrace shameless crony capitalism, but call it 'innovation' policy
The Liberals are embracing the idea with equal parts enthusiasm and panic. A wiser government would recognize that just because the Americans want to spend enormous amounts of public money for little benefit, we are not obliged to follow.The NP Comment newsletter from columnist Colby Cosh and NP Comment editors tackles the important topics with boldness, verve and wit. Get NP Platformed delivered to your inbox weekdays by 4 p.m. ET.
These programs are inevitably politicized and favour companies that have oriented their business models entirely towards getting subsidies. All of which has a negative impact on growth.Article content During roundtable discussions last summer, industry groups, according to the Globe’s reporting, groaned at the government’s plan for the Canadian Innovation and Investment Agency. “I wasn’t overwhelmed at all” said one participant.Article content
The Globe writers do note that the programs have been criticized for being “overly politically driven,” but it is presented as if it is a problem specific to the Liberals or unique to Canada, rather than to the very nature of innovation policy itself.
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