government funding

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Despite decades of government subsidies, Canadian innovation has waned

Canada dropped to 17th among developed countries for innovation performance.

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When pitching new programs, politicians love their 'dedicated' funds: highway trust funds, housing trust funds, environmental protection funds, wildlife-protection funds, and so on. Most recently, under AB 32, California politicians partly sold the program on the basis of all the good that could be done with Greenhouse Gas Reduction Funds raised through the state's cap-and-trade program.