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Great, I fully support this. However, this should be way at the bottom of our priority list. Canadian Telecom, Banks, and News Media should all be wayyy higher

Great, I fully support this. However, this should be way at the bottom of our priority list. Canadian Telecom, Banks, and News Media should all be wayyy higher on the priority list. The Bank of Canada even said that one of the largest contributers to Canada's low productivity is the lack of competition present in so many of our industries.

JacobThreeThree 2y ago
Well said. Protectionism under the guise of regulation, similar to the EU.
- tyre 2y ago
  Is it protectionism? What Canada-based google alternatives are there? On the other hand, inflated ad prices and deflated online revenue do hurt Canadian businesses selling online. I don’t read this action as pro-Canadian search but anti-abusing monopolization
  - JacobThreeThree 2y ago
    The same amount of alternatives as there has been in previous years. If this was such a big issue for Canadians, why didn't the Canadian government do anything in the past 16 years since the DoubleClick acquisition? What changed this year?
    - godzillabrennus 2y ago
      Trudeau is going to finally lose his job. Pierre is coming.
      - b112 2y ago
        Actions such as these start years ahead of time.
wubrr 2y ago
This lack of competition isn't an accident - the (very very corrupt) government has essentially been supporting and enforcing monopolistic practices and collusion for decades (all parties).
- chongli 2y ago
  Yes, it seems to be a “made in Canada” economic theory: better to have a regulated domestic oligopoly than a market dominated by foreign competition. Of course the downside is regulatory capture leading to a ratchet effect depressing the economy while extracting more and more rents.
  - b112 2y ago
    I wish everyone would pay attention to what the government is doing, instead of finding out from youtube or tiktok. As all governments, the liberals are imperfect. However, The House of Commons Standing Committee on Finance (FINA) spent several years grilling banks, and some change has happened. One example? Prior to now you could escalate issues to first a bank ombudsman, then a provincal one. Such complaints where handled by an "independent" body, which of course the banks sneakily bought controlling interest in. New legislation now prevents this, with the government instead vetting companies which will then act as an ombudsman. A response of the perpetually cranky and disillusioned is "oh sure, but..." with a variety of concocted reasons as to why it's all hopeless and corrupt. Thing is, change in a democratic government takes time, because in a democracy you cannot issue edicts on many things. Oh I know, upcoming sourpuss response, but but but! This guy did that and that guy did that, so edicts happen that's not the point and a whataboutism and exceeding rare that's why it's news. What the point is, change does happen, and yes for the better (I can hear the disillusioned starting to type already), and we do infact fix things in Canada. We do have a different market than the US. This is of course a good thing. We also have the second largest country on the planet, yet with only the population of California. We also have a neighbour to the south who, while good folks, would literally control every aspect of our country via economic means without some balances in place. This isn't malign, just how it works when an economy 20x your size, with megacorps that can buy companies which are behemoths in Canada, as an afterthought. So again, things are and must be different unless we intend to allow another country to control how we do business with one another, communicate, interact and so on. I'm sure some will want to respond here with loads of "who cares", and that's fine. Such folk can live in a world of simple solutions, disregarding consequences, but that's folly.

JacobThreeThree 2y ago

Well said. Protectionism under the guise of regulation, similar to the EU.

tyre 2y ago
Is it protectionism? What Canada-based google alternatives are there? On the other hand, inflated ad prices and deflated online revenue do hurt Canadian businesses selling online. I don’t read this action as pro-Canadian search but anti-abusing monopolization
- JacobThreeThree 2y ago
  The same amount of alternatives as there has been in previous years. If this was such a big issue for Canadians, why didn't the Canadian government do anything in the past 16 years since the DoubleClick acquisition? What changed this year?
  - godzillabrennus 2y ago
    Trudeau is going to finally lose his job. Pierre is coming.
    - b112 2y ago
      Actions such as these start years ahead of time.

wubrr 2y ago

This lack of competition isn't an accident - the (very very corrupt) government has essentially been supporting and enforcing monopolistic practices and collusion for decades (all parties).

chongli 2y ago
Yes, it seems to be a “made in Canada” economic theory: better to have a regulated domestic oligopoly than a market dominated by foreign competition. Of course the downside is regulatory capture leading to a ratchet effect depressing the economy while extracting more and more rents.
- b112 2y ago
  I wish everyone would pay attention to what the government is doing, instead of finding out from youtube or tiktok. As all governments, the liberals are imperfect. However, The House of Commons Standing Committee on Finance (FINA) spent several years grilling banks, and some change has happened. One example? Prior to now you could escalate issues to first a bank ombudsman, then a provincal one. Such complaints where handled by an "independent" body, which of course the banks sneakily bought controlling interest in. New legislation now prevents this, with the government instead vetting companies which will then act as an ombudsman. A response of the perpetually cranky and disillusioned is "oh sure, but..." with a variety of concocted reasons as to why it's all hopeless and corrupt. Thing is, change in a democratic government takes time, because in a democracy you cannot issue edicts on many things. Oh I know, upcoming sourpuss response, but but but! This guy did that and that guy did that, so edicts happen that's not the point and a whataboutism and exceeding rare that's why it's news. What the point is, change does happen, and yes for the better (I can hear the disillusioned starting to type already), and we do infact fix things in Canada. We do have a different market than the US. This is of course a good thing. We also have the second largest country on the planet, yet with only the population of California. We also have a neighbour to the south who, while good folks, would literally control every aspect of our country via economic means without some balances in place. This isn't malign, just how it works when an economy 20x your size, with megacorps that can buy companies which are behemoths in Canada, as an afterthought. So again, things are and must be different unless we intend to allow another country to control how we do business with one another, communicate, interact and so on. I'm sure some will want to respond here with loads of "who cares", and that's fine. Such folk can live in a world of simple solutions, disregarding consequences, but that's folly.