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Originally Posted by someone123
I don't know of specific, direct subsidies to RIM from the government (hard to imagine them not existing, at least in some kind of "kickback" form.. there is probably no net subsidy, but that's true of almost any company) but the U of Waterloo itself exists because of 1950s/60s/70s government largesse.
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Sure, along with pretty much every other university in the entire country, so I don't get your point - actually, I don't think you even have one.
So, if you have no knowledge that RIM received subsidies from government you can just dispense innuendo. The amazing success of RIM wasn't simply due do the genuis and hard work of its personnel, it was the government handing out subsidies that were a significant part of its success? I don't think so!
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Giving money to universities is pretty much the opposite side of the same coin. On top of that there are a huge number of complicating factors and major differences between provinces. For example, the GTA's economy is anchored by a number of very protected companies and Waterloo feeds off of that.
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Sorry, but this is nothing but gibberish. Waterloo does not "feed off" very protected companies anymore than Halifax does... in fact, the reverse is closer to the truth regarding which city receives the most outside financial help (Halifax or Waterloo).... I mean, which city indirectly receives equalization payments funded by the other? Which one has money inflows from the Feds to fund its military bases? Doesn't Halifax also have several universities?
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I brought up the subsidy thing because people tend to complain a lot about subsidies provided to companies given in the Maritimes while forgetting that the same thing goes on everywhere else. Political forces have played a huge role in shaping North America's economy. If the entire continent's economy had been left open to the free market from the beginning it's pretty unlikely that Toronto, or Waterloo, would be what they are today.
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Ah, so that is what this is all about (resentment and envy).... but in the case of Waterloo, you are obviously wrong.... Look, circa 1970, Waterloo (the city) had a population of perhaps 24,000 IIFC ... today it's over 110,000. So its population over about the last 37 years has increased by a factor of 4 1/2 times. In other words, Waterloo wasn't really around (it was just a tiny village) when Federal industrial policy benefitted (from 100 years ago or more?) central Canada, since Waterloo was too small to benefit... Waterloo grew with the growth of the universities, auto industry (1960s US-Canada autopact) the insurance companies and high technology growth... nearly all of its growth has occurred post WWII.
Toronto and Hamilton were/are Ontario's big industrial hubs. Their position was not just determined by preferential government industrial policy, they also had huge natural advantages that Halifax lacks... such as cheap hydroelectric power from Niagara Falls, and closeness to the industrial heart of the US and the nearby huge consumer market.