DR. JACK MINTZ
President’s Fellow at the School of Public Policy,
University of Calgary

The United States and Canada have increasingly embraced state‑capitalist measures – ranging from large‑scale subsidies and strategic industry nationalizations to tighter regulatory controls – to counteract economic volatility and geopolitical pressures. Proponents argue these interventions can spur innovation, protect jobs, and secure supply chains, positioning the continent as a resilient economic bloc.

However, critics warn that intertwining political agendas with market mechanisms erodes competition, stifles entrepreneurship, and creates fiscal burdens that outweigh short‑term gains. Historical precedents and early indicators suggest the approach will struggle to deliver sustainable prosperity, leaving investors and citizens to confront rising costs and reduced economic freedom.

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