Professor, I'm really interested that you nailed the question about the Competition Bureau in Canada. Our Competition Bureau is a great model for the 1980s and 1990s. They deal with price regulation and have a very narrow frame. This is not the kind of thing they step into. We have a Privacy Commissioner who is now stepping into all manner of issues, but some of this does lead to antitrust and he doesn't have the authority.
We need to be looking at these.... Our domestic models are based on very 20th-century problems, and we're moving into a 21st-century world very rapidly.
I'd like to talk about this need for antitrust. We can understand our own data. I could put it on Facebook and an old high school friend could meet me. Someone could sell me something. Where could my data go wrong? Someone could defraud me. We have no ability to comprehend mass data and the power that say Google or Amazon has.
The Bank of Canada, which is not a radical organization, has spoken up about the danger of the innovation economy in Canada suffering because of the power of these data-opolies. The Economist talks about the creation of these innovation kill zones. They can anticipate where new start-ups are coming and they can put them out of business. We have not seen the kind of competition we expected in the market in the digital economy.
In terms of antitrust, how important is it that we have some kind of antitrust mechanisms in place to protect not only the rights of citizens but also—here I am a socialist, talking about the market—making sure that we have a good market of competition?