Pandemic persuades Varadkar of the virtue of greater State intervention in economy

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Pandemic persuades Varadkar of the virtue of greater State intervention in economy via IrishTimesBiz

“We shouldn’t see it as a cost or an obligation or a target to be met,” he says.

The tech sector has of course retrenched in recent months. Recent figures from the Central Statistics Office show that some 11,000 jobs were shed in the sector in the third quarter and there have been lay-offs implemented recently by high-profile companies such as Twitter and Stripe. He cites the pandemic as the toughest period, with the “restrictions being turned on and off” – it was Varadkar, then taoiseach, who imposed the first lockdown here in March 2020. “I was very much concerned about businesses surviving and people’s jobs still being there for them when the restrictions were eased.”

“It has certainly brought me around to the view that, on balance, a more interventionist approach from government would have been better.”

 

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