Remember the internet of the ’90s? That’s what Canada’s outdated data protection laws were meant to handle

Canada has a rich history of innovation, but in the next few decades, powerful technological forces will transform the global economy. Large multinational companies have jumped out to a headstart in the race to succeed, and Canada runs the risk of falling behind. At stake is nothing less than our prosperity and economic well-being. The FP set out explore what is needed for businesses to flourish and grow. Over the next three months, we’ll talk to some of the innovators, visionaries and scientists on the cutting edge of the new cutthroat economy about a blueprint for Canadian success. You can find all of our coverage here.

With about two-dozen politicians from nine different countries clustered around a committee table in London, NDP MP Charlie Angus somehow managed to get the last word.

“Perhaps the simplest form of regulation would be to break Facebook up or treat it as a utility,” said Angus, who was part of an “international grand committee” convened on Tuesday to investigate the scandal surrounding Cambridge Analytica Ltd.’s use of personal data from millions of people’s Facebook profiles without their consent for political purposes.

“It depends on the problem we’re trying to solve,” said Richard Allan, vice-president of policy solutions at Facebook, who had spent the preceding three hours parrying similarly pointed questions.

“The problem is Facebook,” Angus snapped back. “That’s the problem.”