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Decentralized Democracy

House Hansard - 233

44th Parl. 1st Sess.
October 17, 2023 10:00AM
Context: House Hansard - 233 - Oct/17/23
Ms. Leah Taylor Roy
  • Oct/17/23 5:08:15 p.m.
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Mr. Speaker, corporate profits have been rising, and I am concerned about the level of competition. I am concerned about what is happening in Canada on that front. Our government is moving forward to address competition, increase competition in Canada and meet with these corporations. As I think the member opposite knows, there has been an excess profits tax put on banks and insurance companies, and it is certainly something we would consider doing in the future. However, we are trying to work jointly with these corporations, as we know that is the first and best way to do that. I did want to mention one more thing. A lot of the problem with capitalism right now I put on Milton Friedman. Milton Friedman's Capitalism and Freedom book, which is the bible of the Leader of the Opposition, is the problem that caused a lot of what is happening. Businesses have stopped caring about other stakeholders and are only focusing on shareholder value.
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