78
Avi Lewis: Canada's airports are not for sale (www.ndp.ca)
submitted 1 month ago by to c/canada@lemmy.ca
12 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] 23 points 1 month ago (4 children)

What a poor take on Avi’s opposition to privatization of Canadian infrastructure. I can’t think of a single instance of selling public infrastructure to American equity or hedge funds that has worked out. Keeping travel costs down is not the main reason, however it may be an argument for the general public to understand. Carney’s whole investment summit is a nightmare. Selling of the Canadian Wheat Board was a bad idea. Selling Connaught Labs was a bad idea. Even selling the Oil Sands to American operators was a bad idea. Selling any successful Canadian enterprise is a bad idea, particularly to American hedge funds.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 4 child comments
    •
  • [–] 22 points 1 month ago (1 child)

    I can’t think of a single instance of selling public infrastructure to American equity or hedge funds that has worked out.

    Or even selling public infrastructure to any private entity, American or not.

    When something is privatized, there is a new incentive added - that the formerly public thing starts earning a profit for the new owner.

    A profit that needs to grow annually.

    And that leads to reduction of service, reduction of staff, deferred maintenance, nickle-and-dimeing new "service" fees, and a general loss of accountability to the public.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •