Net Zero and Statism Deliver Stagnation: How Interventionism Undermined Growth in Canada and UK
Commentary Governments are terrible at picking winners and even worse at choosing losers. Net zero and interventionist “Keynesian” policies in Canada and the United Kingdom have proven that government intervention has created a worse outcome than anyone would have expected. The result is higher costs, distorted incentives, and weakened productivity growth, with increased dependency on […]
Net Zero and Statism Deliver Stagnation: How Interventionism Undermined Growth in Canada and UK Government interventionist policies, specifically net zero and Keynesian approaches in Canada and the UK, have resulted in negative economic outcomes. These policies have led to higher costs, distorted incentives, and weakened productivity growth. The article contends that the economic stagnation and recession observed in these countries are self-inflicted due to these interventions.
- Government intervention, such as net zero policies, has created worse outcomes than expected.
- Interventionist policies have led to higher costs, distorted incentives, and weakened productivity growth.
- Countries like the UK and Canada have seen increased dependency on fossil fuels due to these policies.
- The economic stagnation and recession in the UK and Canada are described as self-inflicted.
- Austrian economists predicted increased dependency on fossil fuels as a result of such policies.
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