But Canada has not only lost its leading high-tech multinational; it has also failed in recent years to keep up with major competitors in embracing technology as a force for economic growth. With the exception of RIM, no new major Canadian tech champions have developed. Canada is lagging the leading countries in promoting business innovation through adoption of technology. And we are falling behind in deploying digital infrastructure, such as state-of-the-art high-speed Internet and e-commerce systems that buttress an innovative society.
No surprise here. The blind adherence to the supremacy of the "free market" and globalization has meant that Canada is for sale to the highest bidder under the current government.
While I have no doubt in my mind that Nortel needed to be broken up and restructured, I do think that Sinclair Stevens has some excellent points about the Harper government's inaction. Ultimately, I believe that they are acting contrary to Canada's best interests both short term and long term by allowing Nortel assets to be swallowed up by foreign companies with no particular interest in Canada's future.