I love this. I wish it were a thing, "The Canadian Model".
It doesn't do a great job of serving the country's social needs, and it also doesn't do a great job of producing competitive businesses.
There's a fair number of public funds that get funneled into unproductive firms through things like innovation grants, and there's a lot of protectionism for incompetent incumbents. All of this seems to enrich a small class of elites, at the expense of the public purse. Most Canadians just shrug their shoulders at all this, and move on with life.
On the other hand - Canadian business expenses are still quite high, but quite a bit lower than US business expenses. Healthcare and cost of living are huge factors in labour costs.
If they were productive firms, they wouldn't need government money. This is why free markets work better, because free markets allocate resources to the most productive uses.
