The challenge there, then, is now you are essentially marrying government into the entity. I realize the purpose of joining them at the hip with a company is to ensure accountability for the taxpayer support, but the flip side is that there's a reason that most businesses are not joined at the hip with government. If you then have businesses making decisions for reasons other than profitability and what their shareholders expect, you run into a different set of problems.
I have made that argument regarding concerns about use of money for things such as the wage subsidy, but I view that as a temporary program in a unique circumstance. People support that subsidy to preserve jobs, and when they see that businesses are throwing it in the bank or giving out special dividends to shareholders, it's a problem.
One thing governments can do that's relatively simple, that doesn't give rise to the same problem I've just mentioned, is transparency. If the price of admission for support for private entities is that there must be full disclosure of the terms of the contract and repayment....
It has been endlessly frustrating. I recognize that we take a very hard line on subsidy, but if governments decide they are going to support businesses for whatever reason, the bare minimum expectation of taxpayers is that they should be able to see where the money goes, when it gets paid back and whether the contract is fulfilled.