If buzzwords were the path to prosperity, Canada would be growing like gangbusters. It is not, and the Venture Capital Catalyst Initiative (VCCI)—with an expansion announced in the federal economic statement—is a case of lofty words anathema to efficient and healthy...
Results for "Capital markets"
Why Capitalism Has an Image Problem: Charles Murray examines the cloud now hanging over American business—and what today’s capitalists can do about it.
Mitt Romney’s résumé at Bain should be a slam dunk. He has been a successful capitalist, and capitalism is the best thing that has ever happened to the material condition of the human race. From the dawn of history until the 18th century, every society in the world was impoverished, with only the thinnest film of wealth on top. Then came capitalism and the Industrial Revolution. Everywhere that capitalism subsequently took hold, national wealth began to increase and poverty began to fall. Everywhere that capitalism didn’t take hold, people remained impoverished. Everywhere that capitalism has been rejected since then, poverty has increased.
Washington’s Knack for Picking Losers: Former Obama adviser Larry Summers warned the administration against federal loan guarantees to Solyndra, writing in a 2009 email that ‘the government is a crappy venture capitalist.’
Like the mythical monster Hydra—who grew two heads every time Hercules cut one off—President Obama, in both his State of the Union address and his new budget, has defiantly doubled down on his brand of industrial policy, the usually ill-advised attempt by governments to promote particular industries, companies and technologies at the expense of broad, evenhanded competition.
Aboriginals Need Roadmap For Success, Not Ideology: Free markets work for First Nations too
Despite evidence to the contrary, critics of Aboriginals entering the economy prefer ideology over empirical reality.
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Weaponizing the Law
The indictment of former U.S. president Donald Trump for crimes invented by his political opponents is the most egregious example yet seen of the weaponizing of the law. The United States is now full of examples. However, in Canada, we also see the law being...
“Looking At” Seizing Control Over Western Canada’s Natural Resources
OTTAWA, REGINA - Last week, two things happened that could have profound impacts on natural resources development in Saskatchewan. One is a hint the federal government might want to take control of natural resources away from the provinces, and the other is the...
Yes Virginia, Electricity Markets Can Work
Successful electricity market reforms in many places have been overshadowed by poorly executed deregulation attempts in California and Ontario.
Recognizing Cost of Capital just Good Government
The public sector should be accountable for the cost of its capital.
Beijing’s Minions Don’t Belong on Canadian Stock Exchanges
The Chinese economy is growing and surpassing the U.S. economy in size. That stature, with its consequent soft and hard power, means opposition to the Communist Party of China (CPC) regime needs to be multilateral. No matter how much unipolarity the U.S. has enjoyed...
How Canada is Botching Cryptocurrency Mainstreaming
The Canadian crypto industry knew mainstream adoption would inevitably come with a regulatory load, especially after the 2019 collapse of the largest exchange at the time, QuadrigaCX. Participants, however, did not expect regulators to come with one of the most...
Modern Monetary Theory (MMT) Will Not Help the Economic Recovery
Public debt is not a problem; it is the big idea behind modern monetary theory (MMT). The current economic crisis has allowed MMT to gain influence among the political class. Among the people who developed President Joe Biden’s economic program is Stephanie Kelton....
Does Short Selling Sell Us Short?
Paraphrasing a remark by American philosopher Nicholas Murray Butler in 1931, John Newbern once said: “People can be divided into three groups: those who make things happen, those who watch things happen and those who wonder what happened.” Each of those classes is...
Contextualizing the Cost of COVID: Will Canada Ever pay it Off?
It has become routine, every morning around 11:15 a.m. EDT thousands of Canadians gather around their television sets to hear the daily national briefing. Closely watching as our national leaders soberly descends down the stairs and step up to the microphone. Citizens...
Tax Compliance Is Killing Canada’s Competitiveness
Canada's edge as a locale for foreign investment is slipping fast, but there is a way to turn the ship around without lowering tax rates. Rather, the nation can curb capital flight by lowering the cost of tax compliance. As recently as 2010-2015, Canada bettered the...
Will Canada Break Up over Carbon Dioxide?
Countries have broken up for very serious reasons like slavery, religious differences and ethnic tensions. But, so far, never in history has a country been at risk of breaking up because of a harmless gas - carbon-dioxide. Canada could, thanks to an...