I'm happy to.
For sure we have to fix the Competition Bureau. You've heard Robin Shaban talk about that. We absolutely need proper privacy regulations to control data. Bill C-11, I've written, is woefully inadequate in that it's written to favour Silicon Valley, not Canada. I know that the ISED minister has responded to approach universities on guidelines for research funding. I don't know why we spend taxpayer money to make Huawei and China richer and more secure at the expense of Canada's security and prosperity.
It's up and down the line. Look at the right-hand side of the chart I showed you. Countries have been doing each one of these items for a changed economy for 25 to 30 years. The most important message I can leave you with today is we need to understand that the role of the government changed 25 years ago. This is not about industrial strategy. This is the role of the government. How do we build that role?
That's why I talk about this economic council. That's a place where we can build the expertise. We haven't built the expertise. You can spend all the money, but if you don't have the expertise to perform it well—whether it's competition, research funding, the Privacy Commissioner; whether they're standards; “trade agreements” which are mega-regulatory agreements—until we understand the role and the focus and the technocracy of it, we're just going to be making foreign countries richer and more secure on Canadian taxpayer funds. That erosion I showed you in that chart is going to continue because this rate of change is accelerating.
I stress that it can be fixed. This is an optimistic story. We have lots of expertise. We can reverse this course, but we have to understand it's an issue.