Thank you for that question.
Last summer, the United States did two things. The first was adopting the CHIPS and Science Act , and two weeks later, the Inflation Reduction Act.
It was a two-tier initiative, and the United States put them together.
I think one of the really important things is the threat that this poses for Canada. The notion that in North America we're going to be all happy and wonderful....
I think the fear is that if they have the capacity and interest in building a 21st century economy based on massive investments in terms of the Inflation Reduction Act and on massive investments in terms of science research and they see them integrated, then the threat to us is that we become a kind of intellectual colony again, and our best and brightest will be vacuumed out of Canada, much as happened, I would say, before the 1960s and 1970s, when there was a massive exodus historically in Canada. If you wanted to pursue graduate work, if you were really talented, you went somewhere else, often to the U.K., France or the United States.
I think if we want to be a strong country in the 21st century, we must understand that economic and social transformation must be underpinned by strong research and science.