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Murray Dobbin

Potash and the Canadian corporate elite

| November 3, 2010
in his own words

Privatizing potash was a costly mistake

The greatest tragedy in BHP Billiton's $38.6-billion (U.S.) bid for the Potash Corporation of Saskatchewan (PCS) is that the Government of Saskatchewan previously sold PCS for just $630 million. This privatization was the worst fiscal decision in the province's history and has been aggravated by subsequent royalty giveaways to private potash companies.

PCS was created in 1975 as a provincial Crown corporation. The Saskatchewan government privatized it in 1989, selling all of its shares by 1994.

Presumably, the proceeds were deducted from the provincial deficit. Borrowing $630 million at 10 per cent interest, compounded over two decades, would have added $4.2-billion of provincial debt by now.

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The politics of potash

| November 15, 2011
Alert! Radio from Canadian Dimension

Anti-Semitism or blank cheque for Israel? Why Ottawa rejected potash deal. Behind Ottawa's clamp down of refugee claimants

November 11, 2010
| Alert! Radio #164 - Interviews with Mordecai Briemberg , John Warnock and Macdonald Scott. Headlines, Around the Left in 7 Days and Music is the Weapon.

58:25 minutes (26.75 MB)
United Steelworkers
November 4, 2010 |
The federal government's decision to stop the sale of Potash Corporation of Saskatchewan to BHP Billiton is a victory for public and political pressure, say United Steelworkers.
National Farmers Union
October 27, 2010 |
NFU calls on all citizens of Saskatchewan regardless of political beliefs to hold their present and future governments accountable for our fair share of non-renewable resources.
Murray Dobbin

The Potash contradiction: Cracks in neo-liberal ideology?

| October 21, 2010
United Steelworkers
August 30, 2010 |
Last week's hostile takeover bid for the Potash Corporation of Saskatchewan (PCS) should raise a red flag for Canadians.
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