By Andrew Coyne, Ottawa Citizen, December 7, 2015
The other day I happened to be in Ottawa. I happened to have a lunch at a downtown restaurant where I happened to overhear a conversation between two businessmen. The subject of their conversation, as it happened, was how to get money out of the federal government.
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For the company is not just making cars, or planes, or what have you. It is making things the politician really wants: jobs, usually, or at least the claims of them, but also association with prestigious technologies, or green cred — anything that will make the politician feel important, or get him elected, or both. And whereas the firm is typically unable to persuade consumers in competitive markets to pay it enough to cover the costs of making its notional product — hence the need for subsidy — the same product will buy it millions of dollars in subsidies.