Research Paper explaining what we can learn about entrepreneurship and wealth creation from the Austrian theory
Everyone claims to favour entrepreneurship, but politicians routinely propose various programs to help entrepreneurs, when they should instead concentrate on getting rid of policies that discourage them. Indeed, the empirical literature shows that interventionist policies are detrimental to entrepreneurship. The Austrian School of Economics has much to teach us about the kinds of policies that truly encourage entrepreneurship and wealth creation, and thus how to improve public policies in Canada.
Viewpoint showing how the vast majority of Canadian farmers succeed on the world market, without benefiting from protectionist measures
In order to justify the continued existence of supply management, producers’ associations state that they could not actually compete on the American market, and that without this system, they would even lose their shares of the domestic market. This Viewpoint aims to show that on the contrary, it is possible for Canadian farmers to be successful on the world market, without benefiting from such protectionist measures.
Viewpoint proposing a new agreement between aircraft manufacturing countries to circumscribe state aid to the aeronautic sector
While all countries subsidize their aircraft industries at different levels, the Canadian sector has been making headlines recently. The massive help Bombardier has received sets a precedent, which other countries could exploit to justify heavily assisting their aerospace industries too, potentially creating a beggar-thy-neighbour dynamic. The scenario of a subsidy race in the aerospace industries of all countries is now a real possibility, unless there is a credible signal that such government intervention will be limited in the future.
Viewpoint proposing to allow small retailers to import and sell wine freely, without going through the SAQ
The Quebec government is currently studying various ways of ending the SAQ’s monopoly. The Crown corporation has indeed been the target of multiple criticisms over the years, as much for the prices of its products as for its management and efficiency. Another, less frequently heard but nonetheless important criticism is the lack of space the public monopoly leaves for small entrepreneurs. This latter concern should guide the government in its reflections on the liberalization of the alcohol market.
Do you agree that independent merchants (for example, restaurant owners, wine merchants) should be able to import wine freely and sell it directly to consumers, without having to go through the SAQ? Do you agree that Quebeckers should be able to buy wine in Canada, or elsewhere, without having to go through the SAQ?