GREEN: Trudeau government’s massive subsides throw bad money after bad money cdnpoli
All of this in service of the “net-zero 2050” greenhouse gas control plan pitched by the UN, and to compete with the U.S., which enacted its own massive industrial policy bill deceptively named the Inflation Reduction Act. So now have two neighbouring national governments competing to see who can most vigorously embrace foolish industrial policies, where government intervenes to “boost” the economy, that are likely to fail.
But governments, particularly activist governments, are in eternal denial of this reality, and equally averse to admitting error and backing away. Instead, with an eye on remaining in power, governments prop-up their failures with still more likely failures. They double-down, and set a cat to catch a mouse, then set a dog to catch the cats, then need animal control to wrangle the dogs, then need people to supply tools for the wranglers. It never ends.
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