Don't change the channel, this is as bad as it gets
Many who have taken the time to read this blog over the past year or so know perfectly well that I am absolutely no fan of the practice of corporate welfare, whether it be in the form of a loan (forgivable loan) to a declining industry or to a company that is churning out healthy quarterly profits. It's all bad.In other words, I think that the free market should ultimately decide the fate of a company, firm or mill, not government bureaucrats and politicians who have a history of picking losers with our tax dollars.
It's interesting, because some strong advocates of corporate welfare in New Brunswick (and let me tell you, there are many) see my criticisms as far too harsh in that I am not being completely fair to the other side. Well, to them I say: maybe you're right. On second thought, I take that back, especially after reading this blunder.
H/T Gypsy-Blog
8 Comments:
Incredible.
What amateurs.
Thats what you get when you abrogate responsibility to the biggest and the loudest.
Who is in charge? Where is Graham? maybe he actually has an opinion on this issues. NOT!
And who cares what the proponents/recipients of corporate welfare think. They are part of the problem.
And who cares what the proponents/recipients of corporate welfare think. They are part of the problem.
Very true as some are in the business of harnessing wealth and a living from it via Enterprise New Brunswick via ACOA/BNB via the government. It really is an ugly practice and those that are hitched to it will never be true reformers looking for altenative solutions to this five decade old mess (and I'm being generous).
...what an incompetent bunch thayt BNB
The fact that GM announced massive layoffs to its Oshawa plant a few weeks back should have been a wake up call for the Government of Ontario and feds to conduct a thorough review of corporate grants, loans and other financial assistance programs.
Instead, it looks like they will soldier on. Same thing with the mill situation in your neck of the woods.
"...I think that the free market..."
I don't understand why so many politically active people have such strong beliefs in mythical, non-existent entities.
... The true solution will come when we address the principle of the problem- economic collectivism- the role of the state forcing money from one citizen to another... which is a violation of individual liberty.
A sad bunch indeed.
kit is right, this problem will persist as long as the culprits remain intact. It's time to out them all!
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