• grte@lemmy.ca
      link
      fedilink
      arrow-up
      1
      ·
      1 year ago

      Maybe yet another cash infusion from the government will help them remember.

      • zephyreks@lemmy.ca
        link
        fedilink
        arrow-up
        1
        ·
        1 year ago

        The privatization of Air Canada was a mistake

        In fact, the privatization of most Canadian crown corporations was a mistake

        From a government perspective, connecting remote areas has economic advantages through improved trade, better access to services, and eventually increased economic growth/more tax revenue. For private corporations, none of these advantages materialize.

        That’s why China is able to afford a trillion dollars of debt to build HSR when nobody else can: it allows them to push economic growth away from tier 1 cities (Beijing, Shanghai, Shenzhen, Guangzhou) and towards tier 2 and tier 3 cities.