Is Alberta on a slippery slope of economic interventionism?
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State capitalism and economic interventionism are on the rise. Normally the remit of authoritarian states or leftist governments, economic intervention is becoming more common even amongst free market champions. The most startling example is the Trump administration—ostensibly a conservative Republican government—and its frequent use of direct equity ownership, golden shares, and provisions for first-right-of-refusal.
Dirigisme has long been a part of the economic fabric in Quebec, and the trait has often spilled over into Ottawa. Laurentian capitalism, as The Hub christened it, was frequently practiced by the Justin Trudeau Liberals, from EV battery plants to clean manufacturing. The Carney government, while a vast improvement on this front, is still “spending less, investing more,” from hydro dams and mining stakes to a new sovereign wealth fund.
This article is an excerpt. To read the full content, visit the original source. The Hub
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