In addition to their power over government based on government financing and personal influence, bankers could steer governments in ways they wished them to go by other pressures.
You know that big government doesn’t hurt big corporations. They’ve got the best lawyers and accountants in the world. You know who gets destroyed by big government? It’s the little guys.
Look, I think the worst case scenario is obvious. I think first of all it doesn’t work for very long. It’s an unstable government that raises taxes and destroys the image we’re building for Canada as a strong place to invest.