Industrial policy may have part of the answer to Canada’s productivity problem. As IRPP research director @Steve_Lafleur explains, if Canada’s low productivity is becoming an emergency, the government must use every tool to turn it around. policyoptions.irpp.org/magazines/apri…
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@IRPP @Steve_Lafleur Been reading this since my days in government in the 1980s. The way to do it isn’t another policy statement or grant program. It’s is taxing unproductive capital like executive compensation, stock buybacks and offshore tax havens. Reward innovation in production not accounting.