Net Zero and Statism Deliver Stagnation: How Interventionism Undermined Growth in Canada and UK
Commentary Governments are terrible at picking winners and even worse at choosing losers. Net zero and interventionist “Keynesian” policies in Canada and the United Kingdom have proven that government intervention has created a worse outcome than anyone would have expected. The result is higher costs, distorted incentives, and weakened productivity growth, with increased dependency on […]
TL;DR
- Government intervention, such as net zero policies, has created worse outcomes than expected.
- Interventionist policies have led to higher costs, distorted incentives, and weakened productivity growth.
- Countries like the UK and Canada have seen increased dependency on fossil fuels due to these policies.
- The economic stagnation and recession in the UK and Canada are described as self-inflicted.
- Austrian economists predicted increased dependency on fossil fuels as a result of such policies.