As a Canadian who got his first big job in 1975, I was immersed in the pro-business ethos of the time. But, as my age cohort began to take the controls, what I saw was the sale of public assets to offshore buyers celebrated as business success at a cost to taxpayers and to the enrichment of a new business class of untalented financial bureaucrats.
So I never thought I’d see a cogent argument for public ownership. But here it is. Since the days of crown corporation mismanagement — which, for all its faults proved to be less costly than the antidote — there have emerged good models for public, cooperative governance. Dru Oja Jay is right to look beyond Bombardier’s pirate executive, especially as we are reentering an era in which corporate governance will have to be reintegrate with electoral politics. That, after all, is how we won the war.