Stating that this investment was withdrawn from Quebec taxpayers and provincial coffers is a serious error. The SGF can no longer be the majority owner of enterprises. SGF's role will always be as a minority shareholder, allowing businesspeople to operate their businesses. SGF is also held to standards of profitability. Another element neglected in the article is SGF's partnerships with 40 multinational companies.
Economic nationalism is usually a system that tends to exclude foreign capital.
Perhaps Yakabuski has decided to change the accepted definition, or maybe he only wishes to see those elements that might, in another context, denigrate Quebec's way of doing things. The SGF is an arm of the Quebec government. Its funds, when they don't directly come from that government, are raised on public debt markets. Quebec taxpayers are ultimately responsible for the repayment of that debt. Unfortunately, the SGF's political masters, on the campaign trail in 1998, said it was, perhaps because the truth that this is borrowed money was not as appealing to voters.