Here is a very hard-line piece from David Olive today in the Star about what the Canadian government should do about Caterpillar – a tone I’m not used to seeing Olive, the Star’s business columnist, come out and write in his pieces, so he’s obviously ticked off:
We could nationalize EMD, for which there is abundant precedent across the continent. America’s third-largest bank, biggest insurer and dominant home-mortgage guarantors are now wards of the state. Short of nationalization, Ottawa could impose prohibitive tariffs on all Cat products. That might eventually bring Athabasca tarsands production, heavily reliant on Caterpillar equipment, to a halt. Which would be a useful topic of discussion [...]
