The industry leaders say that the regulation strangles the startups, even though Ottawa promises to be a “hawk” for competition.
Canada is becoming increasingly anti-competitive and unproductive due to excessive regulation, leaders and industrial officials informed the participants in Canadian summit of the competition this year.
The Canadian competition, the annual event, united business leaders and regulatory bodies to discuss market competition in Canada. Minister of Industry Melanie Jolie set a tone when she told the room that the government would be a “hawk” at competitions. The commentary lived during the day of programming and conversation as an encouraging sign that the government recognizes the importance of the competitive market. However, most of the day focused on the fact that the government does incorrectly.
“They benefit when the rules are formed against applicants.”
Matthew Boswell
Policy consultant Bureau Matthew Chiasson highlighted Canadian statistics The report showed that the federal regulatory burden increased by 37 percent from 2006 to 2021, while new enterprises entering the market decreased. In addition, the study of the bureau discovered The average rank stability It has increased – larger companies become obligated, and startups do not violate.
As a result, in the afternoon, the commissar of the Bureau of competitors Matthew Boswell positioned the startups as an important part of the economic puzzle. He explained how they can insist on innovation and efficiency in the market, but said that their ability to compete can be suppressed by state regulation.
“Licensed obstacles, the limits of ownership, excessive fees: these barriers not only slow down entrepreneurs, they will block them,” Boswell said. “And let's be clear, officials benefit when the rules are fit against applicants.”
Senior Deputy Governor of Canada Caroline, Rogers, explained his vision of how competition stimulates innovations, which, in turn, stimulate productivity. Rogers, who was one of the original votes Sound the alarm clock As a result of the lack of productivity, Canada last year said that there are structural problems in the Canadian economy that is not easy to fix. She pointed out that, despite Canadian Jeffrey Hinton Victory Nobel Prize For his work in the field of artificial intelligence last year, most of the commercialization of technology occurs in the United States.
“We must be able to use our ingenuity and our innovations more,” Rogers said. “Do we need more investments? Do we need changes in regulation? The answer is probably all of the above. ”
In a group discussing the influence of the Borrowell Director General Andrew Graham, the CEO said that this is a “time of anxiety” for the Canadian technical scene. Although the leader said that many “may not like what is happening in the United States”, he also claimed that the country is a friendly environment for entrepreneurs, and noted how much easier it was to experiment with Stublekins there.
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“It does not seem the easiest time to be an entrepreneur in Canada,” Graham said. “If you finish from [the University of Waterloo] In the field of computer sciences, and you want to start technical business, in California or Texas or in New York there are many convincing reasons.
Rachel Wasserman, founder and director of the business right, Wasserman Business, and an employee of the Canadian Antimonopoly Project, took on the other side. She expressed concern about the fact that private firms that companies buy companies buy enterprises from aging owners, and not other entrepreneurs, is a phenomenon, which she called “how”Conducting tsunami.
“We are faced, and this is not hyperbole, the potential disappearance of entrepreneurship in this country, if we do not find a solution to facilitate entrepreneurship and provide opportunities for entrepreneurship through acquisition,” Wasserman said.
She called for participation in the government, not deregulation, to solve this problem by suggesting that the government guarantee loans supported by assets for entrepreneurs. This would give potential successors an instrument that is usually available only for private joint -stock players.
“Entrepreneurs invest more in our economy, they are more productive, [while] Asset managers are obtained by their nature by excessive use of debt and assets sheets, ”said Wasserman.“ Politics in the field of business and the Politics of the Capital do not match ”.
Boswell told Betakita after the summit that awareness of the problems of Canada’s competition is growing, which called the virtual traffic of the competition for 700 “great awakening”. Hearing about the state barriers to competition during the day, Boswell said that “it has passed long” to solve the problems facing the Canadian economy.
“We must leave the road,” Boswell said. “We are not anti -regulation, but we do it smartly; Think about competition. “
The image of the image was provided by the Canadian competition bureau through LinkedinField
