Another day, another corporate welfare announcement. This week, it’s extra goodies for film and TV producers who commit to bring more productions to Quebec.
It’s important to point it out when deregulation does not bring about the dire consequences some expect.
The Bixi bike-sharing system will soon start its ninth season. Since its creation in the spring of 2009, Bixi has survived thanks to public funds. What does the bill add up to for Montreal taxpayers? If the goal was to promote the use of bicycles and active transportation, could the funds allocated to this service have been better spent?
Is Bixi worth $60 million?
Regulating electricity prices.
Quebec is blessed in terms of the energy resources available on its territory. Most obviously, there is the province’s vast hydroelectric capacity, which produces 96% of its electricity. This month, the government made public a series of reports suggesting that it might soon be ready to move forward and allow oil development in the province. In light of this news, it is worth reconsidering some of Quebec’s energy choices to see which kinds of policies might enrich, rather than impoverish, Quebec taxpayers.
In the years since the financial crisis of 2008, the free market has taken a beating in the marketplace of ideas. Yet the simple fact remains that the more economic freedom a government leaves in the hands of its people, the better off those people are, not only in terms of basic material well-being, but also in terms of social and individual indicators of human wellbeing. This Economic Note provides a brief overview of economic freedom around the globe.