I don't see it as an either/or. I don't see allowing for foreign entry into this sector as necessarily resulting in the demise of Canadian culture. I haven't studied the Canadian cultural industry in depth, and I couldn't say we should eliminate the regulations around that. But one thing I will say is there is a general principle in economics, which is essentially that if you want to fix a problem, you fix it as directly as possible. It seems to me that by making Canada as competitive and as innovative as possible, it will result in an increase in prosperity, an increase in GDP, and an increase in tax revenue.
I would argue that the increases in tax revenue that would result from policies that drive innovation and competitiveness will allow the government to address the issue of Canadian culture directly. Regulating this entire sector and impacting every company that operates in Canada, because they need to use this sector, is an indirect way of getting that culture, and in my opinion it's far too costly. In creating optimal policy, you look at the objective and you look at the alternative ways to achieve that objective. In my opinion, I believe in achieving the objective of Canadian content and Canadian culture. I believe the government should not take its eye off that goal, but I also believe that restricting foreign entry is probably one of the most costly ways to achieve that objective.
Thank you.