In the late 1960s the Waffle raised the spectre of the 'deindustrialization' of the Canadian economy -- a prospect which was linked to the power of foreign-controlled subsidiaries. Professor Mahon argues here that the threat of deindustrialization actually first appeared in a sector then dominated by Canadian capital -- textiles. Moreover, Mahon suggests that the Canadian state cannot act in the narrow interests of dominant capitals. Rather, in...