Prime Minister Mark Carney wants to privatize our airports, our seaports and build a lot more private gas and nuclear power plants. Ontario Premier Doug Ford is privatizing our water, our healthcare and building a lot more private gas and nuclear power plants. Carney said Canada was “not for sale,” and Ford says “that’s how we “protect Ontario.”
Both Carney and Ford are using the Trump crisis as was so brilliantly described in Naomi Klein’s book Shock Doctrine. Crisis capitalism is being used to privatize our public assets and services.
When privatizing our public assets and services, we always hear the same song.
We have to “modernize, reform, increase competitiveness, innovation and increased efficiencies through alternative models of ownership.” Then we are told the same false claim: This will lead to “lower costs” which will be passed on to you. The same claim of lower rates came from Ontario Premier Mike Harris’ hydro legislation. Rates have now more than quadrupled.
Hwy 407 is now the most expensive toll way in the world. In a deal far worse than the privatization of HWY 407, the privatization of the Bruce nuclear plant in a long-term lease in the year 2000, the profits were privatized but the $34 billion debt and the risks and cleanup remained public.
The privatization of long-term care homes where many died from neglect during the COVID-19 pandemic and the higher and higher rates of Hydro privatization has left the people of Ontario with no appetite for any more privatization of public assets.
The privatization of Connaught Labs by former Prime Minister Brian Mulroney also hurt us badly during the pandemic. The record of privatization around the world is dismal. The prime example of privatization failures is in the UK where the privatization of water, electricity and rail has left that country a basket case. The record of privatization is clear, when you introduce the profit motive, private corporations benefit and we all will pay a lot more. The risk is not just higher rates,the loss of sovereignty and control is the biggest risk. There doesn’t seem to be any difference between the Conservative and Liberal parties; both are on a public asset privatization rampage.
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