If businesses can’t survive on their own, then government has no right to get involved.
This was proven yet again with the failure of Bombardier’s C-Series jet to succeed.
With 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 recoup the $4.1 billion that the Quebec and Federal government doled out over the years to keep Quebec voters happy.
And with an Airbus plant in Alabama that produces aircraft at a fraction of the cost to do so in Quebec, the idea that jobs will stay in Canada in any meaningful way may just be a pipe dream.
As the Globe’s Mark Milke so aptly puts it, “there’s one positive in all this: The Bombardier-Airbus deal finally rips away the pretense that corporate welfare is about domestic job creation.”