Thank you, Chair.
First, let me retrace a little history. We've had in this country a system of universal single-payer medicare. Historically, we've had good, well-funded social programs. We have had more of a social focus than, say, the Americans. Going back to the sixties, the U.S. had the “New Frontier”, the “Great Society” programs, where the impetus was on challenging the American people to lower taxes. Here in Canada, we had the so-called “Just Society”, which led to increase in taxes, which led to wage and price controls, which led to inflation, which led to high interest rates.
How effective would you say the Just Society experiment was? Dr. Lee, would we have been better off going down a Great Society route as opposed to a Just Society route?