Friday, January 18, 2013

Winners, Losers and Government Spending

The Canadian government shouldn't pick winners but I'm unconvinced the solution proposed by George Takach in the Globe and Mail is any better but the conclusion is one that's difficult to disagree with:

Hiring consultants to throw our money around isn’t the answer. World-class companies are forged in basements and garages, and that’s where policymakers should focus in order to build a better Canadian economy. That’s how to make Canada can work better.
Governments should focus on improving the regulatory environment and reducing structuring disincentives for entrepreneurs - not picking winners and losers or throwing money/bureaucracies at the problem.

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