Okay.
Professor Lee, I'm old enough to remember the 1980s. In the 1980s, we saw the birth of what was called “neo-liberal economics”. We saw the introduction of that, and I think it has continued to this day. We've had lower corporate taxes. We've pursued liberalized trade, signing trade agreements and removing most tariffs. We've pursued deregulation in everything. We sold off Air Canada and deregulated the airlines. We sold off Petro-Canada. We have fewer regulations today, certainly, than we did in the 1980s. However, spending on machinery and equipment by businesses and on R and D and innovation in Canada has been falling as a share of GDP, dating right back to the beginning of the century.
Can you explain that to me?