The era of big government and industrial policy is here, like it or not

News Snapshot:

Open this photo in gallery: Prime Minister Justin Trudeau visits Honda's auto manufacturing plant in Alliston, Ont., on April 5, 2023.CARLOS OSORIO John Rapley is an author and academic who divides his time among London, Johannesburg and Ottawa. His books include Why Empires Fall (Yale University Press, 2023) and Twilight of the Money Gods (Simon and Schuster, 2017). In a world economy dominated by big beasts – the U.S., China and the European Union – a mid-sized and trade-dependent country like Canada has little choice but to swim in the wakes of others. So it’s perhaps a bit surprising that...