[voisin]

> You could say "ok, disband the regulation and let them compete" but many times that just leads to the total collapse of certain domestic industries because they simply can't compete with US capital.

What’s wrong with this if it leads to lower costs for consumers and better service?

[xav0989]

Canada wants to maintain a domestic industry, in part to not be held to the whims of another country's governing body. When the people that control your information flow, your food production, etc. are not within your jurisdiction, you're effectively at the mercy of both them and the government of their country.

[michael1999]

The only thing Canadian about Rogers is the dividends. None of the technologies they operate are Canadian.

[voisin]

> in part to not be held to the whims of another country's governing body.

Just because the industry is foreign doesn’t mean it isn’t subject to local regulation and oversight.

[loudthing]

... and largely, when American companies set up shop in Canada, they create a wholly owned subsidiary that is a Canadian company. I.e. McDonald's Canada and General Motors Canada are separate entities from their parent organizations.

Fun fact posted here before: The McDonald's locations that were recently shuttered in Russia were specifically founded by McDonald's Canada.

[bregma]

There is more to domestic policy than being able to go to the foreign-owned big-box store in your foreign-made sweats to buy foreign-made underwear that is 5 cents cheaper. Especially if that savings is only used to pay for the higher cost of internet infrastructure owned by a handful of oligarchs and used to distribute foreign-made content consumed in your sweats while quaffing beer made by foreign-owned cartels and eating popcorn grown by foreign-subsidized farmers.

[marcosdumay]

Local industry can't compete because the costs are too high, so the government acts by protecting the local industry and increasing costs everywhere.

Welcome to the protectionism vicious cycle.

[52-6F-62]

It's not so great for people who don't see themselves only as consumers of a service. It's not a simple linear change.