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.
CarsonJerema Fun fact 'the largest ever award' under the Super Clusters program ($16.8 million) went to Telus to build a factory to farm crickets using artificial intelligence.
Poll: Is cronyism a real problem in Canada? CDNpoli CDNmedia CTVpp
It's not innovative to point a fire hose of money to your friends at all is it? Technocratic ideas have a terrible track record, double that for Canada's liberals.
Clearly the LPC strategy is to deluge citizens with so many scandals at once, they become numb and stop caring.