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> Perhaps the government should open companies that are meant to lose money Canada used to have crown corporations (until conservative governments sold them of
by josho 5y ago
> Perhaps the government should open companies that are meant to lose money
Canada used to have crown corporations (until conservative governments sold them off to do a one time balancing of the budget).
When done well the crown Corp. serves a valuable purpose. The government no longer needs to rely on industry to tell them what is needed.
Eg. In this scenario the crown Corp. refinery would have their own scientists doing research to stop the engine knock and those scientists would have the expertise to know of safer alternatives and would use those as additives. Creating a more competitive environment.
The government can also use those industry experts to get honest answers on what the industry needs. Eg. “Mr. lobbyist, If these safety standards increase your industry’s costs too much then how come our own government plant is seeing net cost savings due to lower worker injuries?”
It’s a crime that in short term interests crown corps have largely stopped being a thing.
- slavik81 5y agoThere are nearly 50 Canadian crown corporations, including the Canadian Broadcasting Corporation (CBC), the Canadian Deposit Insurance Corporation (CDIC), and the Bank of Canada. There was even a new one created recently. The government created the Trans Mountain Corporation when they nationalized the Trans Mountain Pipeline.