A democratic socialist, Laxer believed that Canadian economic nationalism was a progressive force against the United States and American imperialism. He wrote extensively about the influence of American multinational corporations in the Canadian economy, particularly in the oil and gas industry, and his agitation helped lead to the creation of Petro-Canada. The creation of the Foreign Investment Review Agency, and the Canadian Development Corporation in the 1970s is also attributed in part to the work of Laxer, Watkins, and the Waffle. In the 1980s he strongly opposed the adoption of the Canada–US Free Trade Agreement, though he still believed that free trade agreements were capable of being used to the advantage of the political left through the entrenchment of social charters.
