My question is for former Statistics Canada chief economist, Philip Cross.
Mr. Cross, you made reference to the trendy thinkers in Davos and their admiration for the so-called Beijing consensus. It's really state-controlled corporatism. It exists in the form of government subsidies for favoured companies and industries, regulatory protections to keep challengers out and incumbents on top, tariffs and trade restrictions to ban competition, and a myriad of other government interventions that increasingly favour the world's wealthiest and most well-connected.
Do you see this as a troubling phenomenon in modern economics, and if so, what are some of the other examples of it to which you would point our attention?