Vanny Pack

What is so bananas about an article arguing that Canada needs even more government involvement to improve its economy is that, by many key metrics, the government's economic footprint is the largest it's been in 25 years. Employment, CAPEX, Consumption, and Taxes are just a few examples I've shared in the chart below. What does Canada have to show for it? A Productivity Emergency. Anemic private-sector CAPEX. Pitiful competition in Banking, Telecoms, and Transport. Net FDI Outflows. A 30-year low in R&D spend. Business birth collapse. Zero Equity IPOs. NYMBYs. Impact Assessments. Ethnic vetos. Mushrooming manufacturing regulations. Withering economic freedom. Censorship. Mass media bias. Historic hospital wait times. It goes on and on and on. Canada's problem is NOT a lack of government; it is that there is way too much government involvement. They pick winners, punish productivity, suppress talent, scare away what moves, tax what doesn't and squander billions; it's everywhere and in everything. And the results? abysmal. It may be time for a different approach.