Stelco Reaches Agreement on Restructuring Plan

Over at Last?
I have been following this story for quite some time now. If you do not know the saga of this story, it consists of anothern tale of Canadian companies crying foul and looking to Mother Canada to give nourishment. Be it Bombardier, Air Canada or Stelco, the government has to have their way and sticking their hand into things that are not their business. They either give out finds to ailing Canadian firms or shelter these baby companies from bankruptcy. Michael Porter, one of the great business gods of our time, gives us the solution. It it competition that is needed to create growth in business and not the mothering of a worried country. Competition is needed to keep business in check and competitive. Why hasn't Canada figured this out yet? The current government is too busy giving out money to not care about business. Will the Liberals find their way out of the Canadian bubble and get back in business? Probably not. If you ask me, this won't be the last of these government handouts. Is Stelco really out of the woods not? Is it really over at last? You decide.