If businesses can’t survive on their own, then the government has no right to get involved.
This was proven yet again with the failure of Bombardier’s C-Series jet to succeed.
Thanks to the “no-out-of-pocket-cost” deal by Airbus, the C-Series could now sell hundreds if not thousands of planes.
However, Canadian taxpayers may never see a recoup of the $4.1-billion that the Quebec and the federal government doled out over the years to keep Quebec voters happy.
And with an Airbus plant in Alabama that operates at a fraction of the costs to produce aircraft in Quebec, the fallacy that jobs will stay in Canada in any meaningful way may just be a pipe dream.
As The Globe’s and Mail’s Mark Milke so aptly puts it, “there’s one positive in all this: The Bombardier-Airbus deal finally rips away the pretence that corporate welfare is about domestic job creation.”