What’s wrong with a Great Rebuilding of the economy post-COVID-19
Even worse than slowing economic growth by diverting resources into less desirable activities, imposing such a choice undermines democracy.
While not at full employment before the crisis, Canada was not several percentage points short of it (the Bank of Canada estimated the output gap was about one per cent late in 2019). We cannot simultaneously resume normal economic activities and fundamentally restructure the economy, nor would we want to, writes Philip Cross. The Hill Times photograph by Andrew Meade