May 13, 2024 – To help make Canada into a “good society,” Ed Broadbent was a major proponent of “industrial strategy” throughout the 1970s and 80s as leader of Canada’s NDP, to use this policy vision for social democratic change and challenge the dominance of market mechanisms, ultimately to the working-class the tools to build a just and equal economic democracy.
Today, comprehensive policy plans in the United States, Europe and China have taken the form of industrial strategy to guide their economic transformation and development in the face of economic and climate crises. Canada, on the other hand, seems to have lagged behind on this front, despite Ed Broadbent’s urging to develop industrial strategy from decades ago. While Canada’s political discourse becomes embroiled in revisiting industrial-scale carbon pricing, the USA has unleashed the Inflation Reduction Act, and China has become a world-leading producer of electrified products such as electric vehicles and photovoltaic cells.
Why is Canada lagging behind the rest of the world when it comes to industrial policy, and how can industrial strategy help Canada take serious climate action?
Hadrian Mertins-Kirkwood, senior researcher at the Canadian Centre for Policy Alternatives focusing on international trade and climate change policy in Canada, sat down with the Perspectives Journal Podcast at the 2024 Progress Summit in April to discuss Canada’s industrial policy vision.
