What next?
TheStar.com | Business | Auto crisis kills more GTA jobs
OK, it's time to invest in a new industry. Well, actually, the time to invest in a new industry was four or five years ago, but today will have to do.
Unfortunately, by being complacent about the success we thought we saw from the auto industry we may now be in the unfortunate situation of not having the revenue available to invest in new industries. (Most of what we got from our investment in autos went back into autos and the infrastructure to support them.) We've missed the boat on using "old economics" to fund the next new thing, so now it's up to carbon pricing to provide the incentive.
The world is changing. Will we lead people into tomorrow or will we be dragged kicking and screaming? Looks like the latter so far.
The storm engulfing the auto industry touched down in the GTA again yesterday and swept away more than 2,000 jobs.
OK, it's time to invest in a new industry. Well, actually, the time to invest in a new industry was four or five years ago, but today will have to do.
Unfortunately, by being complacent about the success we thought we saw from the auto industry we may now be in the unfortunate situation of not having the revenue available to invest in new industries. (Most of what we got from our investment in autos went back into autos and the infrastructure to support them.) We've missed the boat on using "old economics" to fund the next new thing, so now it's up to carbon pricing to provide the incentive.
The world is changing. Will we lead people into tomorrow or will we be dragged kicking and screaming? Looks like the latter so far.
posted by Rob Newman at
9:10 AM
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