There’s an old joke about corporatocracy that goes something like this: “Canada is a handful of companies in a trench coat.” If that one doesn’t have you howling in your seat, there’s an addendum: “That we subsidize.” Is it funny yet?
The latest iteration of the joke pertains to multinational automakers Volkswagen and Stellantis. In recent weeks, the latter threatened to pack up shop on its EV battery plant in Windsor, Ont. – and halted construction to drive home the point. That after the federal government and Ontario promised more than $13-billion in capital and tax credits to Volkswagen for a larger factory. As a result, both levels of government scrambled to strike a deal with Stellantis, which was revealed last week to be worth $15-billion.
We are lead by grifters & morons.
