First, the Fraser Institute is, at best, a set of preconceived conclusions looking for facts. Nobody here took it seriously, as it was filled with so many factual errors. And at worst, it's just BS
. I think the latter is the good explanation.
Second, give Quebec its fair share of federal spending in R&D and Defense and we won't need any equalization payment. With nearly 25% of the population and the industrial base, Quebec gets less than 15% of the federal spending in R&D and in Defense. We're talking billion of structural dollars here.
Quebec is merely catching up to the Cdn average with respect to the unem rate
You have to know where we're coming from. Up until 1963 or so, Quebec, because of the conservative politics of the time, had one of the worst education system in the western world. I think only Greece and Portugal were worst. We still pay for those centuries of negligence.
Now, the effects of the 1960s reforms are starting to kick-in to their full effect. Ever since the 1960s, the unemployment level between Quebec and Ontario has slowly and constantly diminished. In 1961, Quebec's employment rate was 89% of Ontario's. In 2001, it was 93%. We are slowly catching up. And Quebec now has the most diversified economy in Canada.
We're not there. Yet. Just be a little bit more patient...
Never let the facts get in the way of a good theory.