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by salmonfamine
1037 days ago
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"Corporate welfare" is nonsense. As opposed to what? A theoretical total free market? Western governments have tried that for the past few decades, and that's done nothing but hollow out blue collar jobs and produce instability along with deaths of despair and wealth inequality. The libertarian "free market" myth is effectively dead -- welcome to the age of industrial policy. |
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Governments understand that their taxes are barriers to the jobs and goods they want so they are willing to selectively get out of the way.
It's not a free market, but libertarian treatment for specific companies that they want to succeed.
In this case, nobody wants to build batteries in Canada if the government takes 25% of any profits, so the government has to reduce their take if they want battery factories