Tuesday, November 10, 2026

i certainly hope that ms joly avoids making the kind of specious legal threats at stellantis that she made at stelco and that she's cognizant enough of the reality around her to realize that her attacks on stelco were probably a factor in stellantis closing the deal. when governments act in aggressively nationalistic manners, it tends to frighten off foreign investment. ms joly is a symptom rather than a cause but nobody should be surprised if the aggressively nationalistic rhetoric from the carney government leads to more and more divestment. 

the opposition is floating worse rhetoric than the government, but it's the liberal party that created the problem by aggressively campaigning on economic nationalism. well, they made their bed. the country is going to have to walk away from this economic nationalism and embrace of state capitalism, together.

stellantis is actually volunteering to return the funds.

canada should take the money and let stellantis walk away without a fight. don't let the door hit you on your way out. in ten years, once the company has failed to compete against electric vehicle manufacturers, they'll realize that stellantis is a dead weight company making inferior products, but they should have realized that in 2008.

shifts to modern production standards will lead to less pollution and less jobs and that is going to happen whether the government tries to stop it or not. there will be more jobs in the technology backend. 

the money should be reinvested in trying to rebuild the technology sector in ottawa.