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Or the Canadian government is wasting a lot of money subsidizing an industry. It's not clear to me which is correct but I know many of our industries are effect
by version_five 3y ago
Or the Canadian government is wasting a lot of money subsidizing an industry. It's not clear to me which is correct but I know many of our industries are effectively pretend and bought with government money
- SEJeff 3y agoHollywood has been spending literally over a billion USD equiv a year in "Hollywood North" aka Canada since around 2006. It creates thousands of local jobs and has a lot of follow on effects. This was more or less the culmination of super-NIMBY California folks making an entire industry pick up and move due to hostilities.
- version_five 3y agoSo, is it a net benefit or not?
- SEJeff 3y agoA large benefit for Canada, yes. It decimated the local industry in or around Los Angeles when I lived there. I was a software engineer and didn’t much care but had several friends who were affected.
- wasimanitoba 3y agoThe American and European auto, agriculture and aerospace sectors are all so dependent on subsidies that the same could be said for them as well, and yet those industries remain the bedrock of global capitalism.