ICYMI - Terence Corcoran: Chrystia Freeland brings Chinese-capitalism to Ottawa
During Thursday’s economic statement, Freeland continued with the theme, promising to flex federal fiscal and regulatory muscles of economic interventionism. She riffed through some of the many ways in which Ottawa plans to continue expanding its role in the economy, providing regulation and money to support housing, jobs, investment and major backing for certain industries tied to climate change.
The Freeland Doctrine has been warmly received by many, including two Canadian think-tankers who may well have influenced her ideas. According to the Public Policy Forum’s Edward Greenspon and Sean Speer,what Freeland proposed, including a “massive supply rebuild” in which Ottawa will oversee an “increase in the supply of everything from housing to hydrogen, from IP to ICUs, from quantum computing to the next mRNA.
Missing from the Freeland Doctrine, and in the ideas of her backers and other theorists in Ottawa and in certain policy circles around the world, is recognition of the major economic and ideological flip that’s underway. In the United States, the Biden administration has passed laws to shut down China’s semiconductor trade and boost U.S. industry via the Inflation Reduction Act , legislation that does nothing to reduce inflation but greatly expands government intervention into the U.S. economy.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Terence Corcoran: Chrystia Freeland brings Chinese-capitalism to OttawaMissing in Ottawa’s economic update is recognition of the ideological flip that’s taking place
Read more »
Fall budget update promises tax credits for clean electricity and hydrogen productionOTTAWA — Finance Minister Chrystia Freeland’s fall economic update creates two new federal tax credits for clean technology and low\u002Demitting hydrogen…
Read more »
What’s Ottawa offering Canadians in the fall economic statement?The fall economic statement included a bundle of fiscal measures targeting issues like housing affordability, taxing corporations and driving investment towards clean tech. Finance minister Chrystia Freeland told reporters it strikes the right approach.
Read more »
Globe editorial: The Liberals could do more to fight inflation, but at least they’re not making things worseThe fall update got things mostly right, but inflation looms over everything in Chrystia Freeland’s plans
Read more »
Power Play: One-on-one with Chrystia FreelandFinance Minister Chrystia Freeland says fall economic statement shows that in even in worst case scenario, ’Canada will be just fine.’
Read more »