Canadian’s standard of living, as measured by real GDP per person, was lower in 2023 than in 2014.>
So due to productivity declines, not the fact that employers face no repercussions for laying off tax paying workers, the gov may eventually need to raise taxes due to diminished revenues…go figure.
Is there any reason workers aren’t “workering” harder?! ;)
Subsidies are another way to say State planning, which is how you direct the “free market”. No capitalist, which includes China, will “innovate” without being baited with money.
There are massive subsidies in the US as well, but these go into the pockets of the CEOs and political/financial class. If this were to happen in China they’d go missing like Jack Ma of Alibaba until he got his head right.