Tuesday, October 08, 2019

It's Just An Economy

Indeed:

There is one group that would like to talk about big things, and that’s big business. But too many of us have apparently told pollsters that we hate rich people, because anyone that runs a company that employs more than a few dozen people has been excluded from the campaign. Mom-and-pop businesses employ a lot of people, but it’s the big ones that drive most of the innovation and create most of the wealth. Income inequality is important, but Canada isn’t the United States or India, where wealth gaps are extreme. Our political parties have lost sight of that.

Canada’s business establishment isn’t yet ready to decamp for some Randian paradise. Two corporate lobbies are using the Saturday papers to make one last attempt to push their way into the election debate. The Council of Canadian Innovators (CCI), which represents fast-growing tech outfits, rounded up 112 chief executives to sign an open letter to the four major party leaders as an ad in the Globe and Mail.

“We’re writing because Canada’s productivity is lagging and our future economic prosperity is at risk,” the letter states. “You can help by developing policies that advance innovative Canadian companies including increasing their access to skilled talent, growth capital, and new customers.”

Yes, but we don't produce those sorts of people and ideas anymore.


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