I have no opinions on yours - or others - social or economic leanings. I will say that one can be economically conservative, but not socially so.
And I don’t think it’s just economic libertarianism at play. I do think there’s an element of economic risk aversion. My (uninformed) opinion is that this is partly driven by the heavy presence of government in our economy as well as oligopolies in all sectors. The Canadian government at all levels is hard to convince to use new processes or technologies (especially from Canadian startups). And our large companies don’t see a reason to innovate since they are often insulated from competition and have a captive audience.
At a policy level we have a tendency to overregulate off the bat as opposed to letting experimentation happen and curbing the worst of the excesses. A particularly laughable example of this was Toronto’s A La Cart program. This also happens at a provincial level, where we constrain the free movement of labour and food (EDIT: meant to say ‘goods’) across borders, at a significant ongoing drag to our GDP.
I also don’t think - as others have pointed out above - that we demand more of our companies or governments. We complain, but happily settle for mediocrity.
Finally, I do think our small population size relative to the US (and we have to consider the US, since it is next door and money and labour can fairly easily flow across the border) along with the issues above means that there’s a disadvantage to starting a company here. It’s easier to get money and grow businesses south of the border. And, if you have skills in demand and are willing to relocate you can easily double or triple your income. We lose a lot of opportunity and talent that way.
I want to point out that I can have contradictory views: for example, I want to open the economy to competition, yet I don’t want us to become a branch plant economy; I have decried our mid/late 90s selloff of major mining companies and our unwillingness to create national champions (government-led industrial policy is definitely not in vogue among economic liberalizers!)
If we want to continue, I’m happy to take this discussion to another thread.