Escaping from Technology Jail

Canada’s entrepreneurs cannot compete against global competition with one hand tied behind their backs

Escaping from Technology JailSome of my biggest battles in business have been with accountants. They seem to take great pleasure in playing Dr. No. No you can’t capitalize intangible assets, no you can’t use enterprise valuations, no you can’t, no you can’t, no you can’t! Until I met Joseph Batty, I had no idea that accountants were like…

The end of Pierre Trudeau’s vision of Canada

The former prime minister's "vision" of Canada created the culture of entitlement and corruption in Quebec that has led to the SNC-Lavalin scandal

The end of Pierre Trudeau’s vision of CanadaThe SNC-Lavalin affair has become a nightmare for Prime Minister Justin Trudeau. But more importantly, it signals the beginning of the end for a Canada designed and built by his father, former prime minister Pierre Trudeau. It seems Justin Trudeau attempted to bully his minister of Justice into helping SNC-Lavalin avoid criminal prosecution. By doing…

What’s wrong with Canada’s tech sector?

Technology entrepreneurs are locked behind bars of asset ignorance

What’s wrong with Canada’s tech sector?Everybody has a story or two about an exciting new technology that was going to change the world; but was never heard from again. What happens to these great ideas? It’s all very puzzling. But, it does raise a serious question: what’s wrong with Canada’s tech sector? Is there a structural flaw? The short answer…

How banks can help Canada’s SMEs

They could start by formalizing the treatment of intangibles so (some of them) can be collateralized for banking purposes

How banks can help Canada’s SMEsA  survey of SMEs (Small to Medium sized Enterprises) I once read laid bare the hard facts about running a technology-related business in Canada. On the upside, the ingredients for growth for SMEs were easily identified; they include better access to management, planning, marketing, manpower and product development. What was surprising, perhaps, was the realization…

The unrelenting (and ill-informed) push to rewrite history

No other global civilization has been as deliberate and inclusive about progress as modern western civilization

The unrelenting (and ill-informed) push to rewrite historyProgressive liberals of a certain frame of mind suggest that white people are guilty. They’re the systemic oppressors of indigenous cultures, minorities and people of colour. Modern western society also stands accused of abusing the environment and of being unrelentingly sexist, racist and elitist. Or is western civilization the crucible of progress, the liberator of…

Why the Alberta technology sector can’t seem to pull ahead

Dispatches from the Alberta technology trenches

Why the Alberta technology sector can’t seem to pull aheadNow that the energy industry is no longer the engine of growth it once was, Albertans are finally waking up to a cruel reality; we’ve put all our economic eggs in one (carbon-emitting) basket. Albertans' new urgency to diversify their economy will require changing the way we do things. At a minimum, we will need…

Millennials can save the future by reinventing money

They need to reinvent the capitalist system to fully unleash that creativity and establish an economy that’s more just and balanced

Millennials can save the future by reinventing moneyIf you dare to ask, young people today will tell you their generation is screwed. Why? Because they were told, “Be creative, get an education and you can be whatever you want to be.” Oops, wrong! Struggle through a creative career and it's almost impossible to buy a home or escape from student-loan hell. In…

Washington Consensus lit the fuse blowing apart the modern world

We’ve allowed market forces to replace a host of political-economic goals and considerations, and we’re far worse for it

Washington Consensus lit the fuse blowing apart the modern worldPax Americana, the long-standing U.S.-inspired post-war world order, is unravelling like a cheap carpet. Apart from catastrophes like Venezuela, Britain's chaotic retreat from the European Union, or the threat from President Donald Trump to pull the United States out of the North Atlantic Treaty Organization, there’s the shocking rise of anti-western authoritarian regimes in Iran,…

We need to reset capitalism before we dig a deeper hole

Milton Friedman was wrong. Paying attention to other stakeholder interests is not a diversion, it's management's job

We need to reset capitalism before we dig a deeper holeThe National Post's Terence Corcoran is a celebrated champion of free markets. In his latest post, “Milton Friedman is right, profit is a company's only purpose,” he champions one of the most controversial principles in global capitalism. Corcoran's primary fear is that “a long list of academics, consultants, business leaders and politicians – many of…

Canada, a land of immigrants, should continue to welcome newcomers

As a backdrop to the disheartening anti-immigration rhetoric, let’s reflect on the enormous contribution of newcomers to Canada

Canada, a land of immigrants, should continue to welcome newcomersHaving observed the jarring debates over immigrants in Brexit Britain and border walls in the United States, I found myself reflecting on how differently Canadians are responding to their own border crisis. Is there a crisis? It depends who you talk to, but yes, even Canadian Prime Minister Justin Trudeau acknowledges there's a difficulty, particularly…