Crony capitalism

Public funded battery factory

There’s stiff competition for the worst corporate welfare deal in Canadian history. But in 2023 Volkswagen was handed $16 billion to build a $7-billion electric vehicle battery factory.

The government talked about the 3,000 jobs the corporate welfare will create. But that means each job will cost taxpayers more than $5 million. A better jobs program would be to hand each worker a winning lottery ticket.

 

 

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