Joe Biden\u0027s climate change plan will make private firms less competitive and American life more expensive. We are not obliged to follow.
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.Sign up to receive daily headline news from Ottawa Citizen, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
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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