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As a Canadian founder, it makes no sense at all. Corporate welfare should not exist, sink or swim.

alephnerd 3y ago
EV Battery Production has become a critical National Security issue for most countries. We don't need yet another B2B SaaS that won't generate more than a couple hundred jobs in its lifetime, but we need EV battery manufacturers to continue to allow the Canadian automotive manufacturing hub in Southern Ontario to exist otherwise Thousands of jobs are lost as well as to allow for backup energy storage facilities to be built as nations begin migrating to renewable energy, which has production peaks
- rogerkirkness 3y ago
  Ontario automotive manufacturing only exists because of corporate welfare, so in that sense I think draining our resources is not the path to being sovereign. I didn't say fund B2B SaaS instead, I said just don't do corporate welfare. B2B SaaS gets R&D credits here which doesn't make sense either.
  - alephnerd 3y ago
    > Ontario automotive manufacturing only exists because of corporate welfare, so in that sense I think draining our resources is not the path to being sovereign. That "corporate welfare" helps employ 136,000 Ontarians as well as maintaining an robust industrial base that can expand into newer critical technologies such as Battery Tech (as is clearly seen in the article above).
  - salmonfamine 3y ago
    "Corporate welfare" is nonsense. As opposed to what? A theoretical total free market? Western governments have tried that for the past few decades, and that's done nothing but hollow out blue collar jobs and produce instability along with deaths of despair and wealth inequality. The libertarian "free market" myth is effectively dead -- welcome to the age of industrial policy.
    - s1artibartfast 3y ago
      It's actually the opposite. In many cases corporate welfare is simply relaxing government taxes. Governments understand that their taxes are barriers to the jobs and goods they want so they are willing to selectively get out of the way. It's not a free market, but libertarian treatment for specific companies that they want to succeed. In this case, nobody wants to build batteries in Canada if the government takes 25% of any profits, so the government has to reduce their take if they want battery factories

EV Battery Production has become a critical National Security issue for most countries. We don't need yet another B2B SaaS that won't generate more than a couple hundred jobs in its lifetime, but we need EV battery manufacturers to continue to allow the Canadian automotive manufacturing hub in Southern Ontario to exist otherwise Thousands of jobs are lost as well as to allow for backup energy storage facilities to be built as nations begin migrating to renewable energy, which has production peaks

rogerkirkness 3y ago
Ontario automotive manufacturing only exists because of corporate welfare, so in that sense I think draining our resources is not the path to being sovereign. I didn't say fund B2B SaaS instead, I said just don't do corporate welfare. B2B SaaS gets R&D credits here which doesn't make sense either.
- alephnerd 3y ago
  > Ontario automotive manufacturing only exists because of corporate welfare, so in that sense I think draining our resources is not the path to being sovereign. That "corporate welfare" helps employ 136,000 Ontarians as well as maintaining an robust industrial base that can expand into newer critical technologies such as Battery Tech (as is clearly seen in the article above).
- salmonfamine 3y ago
  "Corporate welfare" is nonsense. As opposed to what? A theoretical total free market? Western governments have tried that for the past few decades, and that's done nothing but hollow out blue collar jobs and produce instability along with deaths of despair and wealth inequality. The libertarian "free market" myth is effectively dead -- welcome to the age of industrial policy.
  - s1artibartfast 3y ago
    It's actually the opposite. In many cases corporate welfare is simply relaxing government taxes. Governments understand that their taxes are barriers to the jobs and goods they want so they are willing to selectively get out of the way. It's not a free market, but libertarian treatment for specific companies that they want to succeed. In this case, nobody wants to build batteries in Canada if the government takes 25% of any profits, so the government has to reduce their take if they want battery factories