The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Chrysler Chairman and CEO Sergio Marchionne (L) and Fiat-Chrysler association president John Elkann (R) look at a Maserati Alfieri during the media day ahead of the 84th Geneva Motor Show at the Palexpo Arena in Geneva March 4, 2014. The Geneva Motor Show will run from March 6 to 16.
Chrysler Chairman and CEO Sergio Marchionne (L) and Fiat-Chrysler association president John Elkann (R) look at a Maserati Alfieri during the media day ahead of the 84th Geneva Motor Show at the Palexpo Arena in Geneva March 4, 2014. The Geneva Motor Show will run from March 6 to 16.
(Arnd Wiegmann/Reuters)

The stark choice facing Canada’s economic gatekeepers

Fiat SpA, the parent company of Chrysler Group LLC, has a market cap of $14.1-billion (U.S.) and employs about 225,000 workers worldwide. Google Inc. has a market cap of $409.4-billion, about 40 times Fiat’s, and employs one-10th as many people, at 30,000.

The central dilemma of Canadian economic policy is contained within these simple statistics. The best way to create sustainable wealth is through the modern digital economy, but it doesn’t generate employment.