Who knew that a couple of years after selling off the last of our Petrocan shares we’d still be paying for it?
Canadians accustomed to cheap, reliable electricity are facing higher energy costs and, in some parts, an increased likelihood of blackouts. Much of Canada’s electrical power industry shows arterial sclerosis with inadequate investment, fewer exports and increased import competition from high-cost sources in the United States. Canada’s power industry needs a good dose of liberalization, as successfully adopted in the European Union, but most of our provincial politicians are too reluctant to give up their monopoly fiefdoms.
“All great ideas go through three stages. In the first stage they are ridiculed. In the second stage, they are strongly opposed. And in the third stage they are considered to be self-evident,” the philosopher Schopenhauer once observed. Privatization may not have reached stage three, but it’s getting there.
Taxpayers have no way of knowing whether their investments in SOEs are yielding competitive returns. In Australia the Productivity Commission reports annually on the financial performance of government trading enterprises (and it regularly finds that many do not meet their cost of capital).
Manitoba Public Insurance insists it offers consumers a better deal on car insurance, but in a different way than it previously argued. Despite the calumnies tossed his way by MPI, Mark Milke sticks to the facts.
LONDON — Royal Mail Group PLC’s virtual 350-year monopoly of the British letter-delivery market ended yesterday as new rules took effect to enable rivals to compete for a share of the potentially lucrative business. .
The Consumers Association does Canadians no favours when it distorts auto insurance rates to make publicly owned schemes look better.