Ethics Commissioner finally rules properly in Paradis case, but what about others involved?
| March 23, 2012Caterpillar and the Investment Canada Act
There's been some good public debate about the need for changes to the Investment Canada process in light of Caterpillar's incredible actions in London. They showed up uninvited in 2010, took over a long-standing productive profitable plant, demanded money (from workers and government alike), then left -- leaving behind a shuttered plant and a shattered community.
Clearly something needs to change in terms of how the federal government regulates this process: sorting out foreign investments that can add genuine value to our economy, from those which are beneficial to corporate interests and investors but ultimately undermine our capabilities to produce and innovate.