A report in the Economist shows that Canada is not doing enough to encourage entrepreneurship and innovation:
Why does Canada not have lots of “new firms” patenting new ideas? Norway and the Netherlands are both smaller than Canada, so I would hope Canada was at least in the same ballpark as Germany and France…
Now, I disagree with the Economist in their proposal to impose Pigouvian taxes as a means to encourage innovation – this is little different than the pandering to “pet” technologies they hope to avoid.
Lower taxes, more flexible labour markets and less government regulation of markets and products would be a very good first step towards encouraging innovation.
3 comments
Powell Lucas says:
28 May 2010 at 14:30 (UTC -7 )
Get government bureaucrats and their ridiculous red tape off the backs of people and perhaps the entrepreneurial spirit will be revived. I have gotten out of two businesses during my lifetime when red tape got so extensive that I just gave up.
old white guy says:
28 May 2010 at 14:33 (UTC -7 )
innovation. hmm. how about we figure out how to feed, cloth and house ourselves before we innovate. your last sentence about lower taxes etc is the only way to go at present.
old white guy says:
28 May 2010 at 14:34 (UTC -7 )
lucas. ditto