The Global Overview
Canada’s Protectionist Pivot
Ottawa is turning inward with a new “Buy Canadian” defense strategy, aiming to shield its domestic industry from competition. The plan intends to raise military spending to 5% of GDP and award 70% of defense spending to Canadian firms, up from 50% (FT). While the government projects this will create 125,000 jobs, such industrial policies often lead to higher costs and less innovation by substituting political goals for market discipline. Our view: mandating local sourcing is a tax on taxpayers for the benefit of protected industries.
Regulatory Overreach and its Discontents
The culture of regulation is facing pushback. President Trump is urging Utah Republicans to scrap a state-level AI safety bill, viewing it as an impediment to innovation and an example of fragmented, inefficient rulemaking (FT). This mirrors a classical-liberal skepticism of central planning. Meanwhile, California’s labyrinth of fuel regulations has created a bizarre workaround where gasoline is shipped thousands of miles via the Bahamas to meet its specific standards, showcasing how command-and-control policies can distort markets and raise consumer prices (Bloomberg).
Hollywood’s New Consumer Frontier
The fusion of commerce and culture is reaching new levels of intimacy as Hollywood studios and streaming services embrace product placement in personal hygiene (WSJ). This strategic integration seeks to place brands into the daily routines of consumers, moving beyond passive viewing into active use. The tactic represents a subtle but powerful evolution in advertising, embedding commercial messages directly into lifestyle narratives and reflecting the market’s endless capacity for innovative—and pervasive—persuasion.
The Next Labor Battle: AI & Intellectual Property
A critical new front is opening in the culture of work: who owns the knowledge AI captures from employees? As companies deploy artificial intelligence to synthesize and scale internal expertise, the line between corporate intellectual property and an individual’s accumulated knowledge is blurring (WSJ). This raises fundamental questions about intellectual property rights and individual liberty. Without clear principles establishing ownership, workers risk their experience being harvested, converted into corporate assets, and ultimately used to devalue their own labor.
Stay tuned for the next Gist—your edge in a shifting world.
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