Making the transition to a low-carbon world will be disruptive, expensive, will take time, and won’t happen without the right mix of regulations and incentives to ensure that public and private markets follow through. We don’t have that needed policy mix today.
At a time when a growing share of national income has been going to owners of capital and a declining share to labour, it is clearly time to open up the whole question of fairly taxing capital and capital income.
At present, there is no discernible evidence of a cross-cutting or all-of-government strategy to increase the commercial dividends from the scientific capital we have accumulated in the biological sciences.
It will be easy, in our election, for parties to compete on who can be toughest on China. But what happens after that?
While the NDP importantly raises many of the issues of inequality, injustice, and lack of opportunity facing Canadians, it fails, overall, to offer a credible set of ideas to make the country and Canadians better off.
Interest rates are nearly zero in real terms, and the former Bank of Canada governor has proposed a digital solution that could help us weather the next recession.
The Canadian government has cut away much of its capability to plan for big, long-term problems, unlike its counterpart in the U.K.
Canadians and Canadian companies have the skills, knowledge, and experience to capture a real share of the much-needed infrastructure projects around the world in the coming years.