For years, the climate movement has been calling on the federal government to spend two per cent of GDP on climate infrastructure and action, to no avail. And yet, Canada’s military spending will hit two per cent of GDP this year, and will reach a stratospheric five per cent within 10 years.
We’re also giving billions in corporate subsidies. We finance their development and they get to keep the rewards.
Frustratingly, this is how corporations do business just about anywhere in the world. Why bother subsidizing at all? Either make it publicly owned or tell them that they are on their own. Viable businesses will succeed without handouts.