You probably know what Chairman Mao said about the consequence of the French Revolution, when he was asked. His famous reply was that it was too early to tell, so we'll need to see.
I think, on the one hand, the defence investment agency has the potential to underwrite precisely the challenges that Dr. Intson has laid out. In particular, we're not good at underwriting those, especially for small and medium enterprises, and especially in the defence sector. When we do have a successful company, what happens? It gets bought by the Americans, so we just become the start-up pool that then ultimately.... We invest tax dollars and then it gets bought up, so we need to do better.
The defence investment agency has the potential to underwrite. We've done this a little bit with the IDEaS program in National Defence, but I think we need something equivalent to the U.S. DARPA, with high-risk, high-return investments in defence.
We have a very low risk tolerance in general in Canada when it comes to capital, politics and finance, and done well, the defence investment agency can change that.
