As prospects for the broadly shared prosperity that Canadians rightly expect are fading in a system in which too many of the gains go to the top, thinking about how worker ownership can play a vital role in creating a more equal, democratic economy has become an important task.
Why not talk about housing in terms of industrial strategy and the role of government in building more housing supply, instead of trying to outflank Pierre Poilievre’s inconsistent policy slogans from the right wing?
The innovation agenda marks another incremental turn away from “framework” economic development policies. But the shift is unlikely to be transformational unless it is scaled up and accompanied by a greater role for long-term public investment.
In Canada’s particular context, left economic thinkers surmised that the role of the state is not only to foster equality, but to also help set the direction of the economy since domestic entrepreneurs were proving inadequate to the task.