Had privatization ever worked out? Like, ever?
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I was trying to think of a single example where it made the service better and I legitimately can't?
Because it is never the service that privatization seeks to make better. Private corporations make more money. That is the only target metric.
Yeah. The rich go from funding it as a service, via their taxes, to making income off of it, via dividends. Everybody wins!
So long as you're only counting the rich.
Privatization of liquor in Alberta has worked out amazingly well. Booze is cheaper and there's a liquor store every 100 meters, some open well past midnight. It's an alcoholic's dream.
TIL Alberta had state run liquor stores. I'll have to read about those when I get home.
TIL Alberta had state run liquor stores.
At one point every province did.
I mean to an alcoholic in the small scale it sounds like it's working out great.
But Canada's recently done a study that shows the taxation gained from alcohol consumption is far less than the deleterious societal costs.
Effectively the government loses money on every bottle it taxes.
edit: This is known as Canada's alcohol deficit. It was first studied in 2014 which showed a taxation intake of ~11 Billion while the social costs were estimated to be ~15B resulting in a deficit of about ~4B. believe the 2020 study showed the alcohol deficit is up to ~6B a year now. I'm lazy, but here's one link for those who'd like to know more:
Beer in Alberta is far more expensive than in any other province
I was talking to someone about this very same postal issue, and his example was DHL. "Privatization turned them around! They're now an international company!!!"
Why the fuck does canada post need to be competing internationally? Just deliver the mail and have a gov't presence in small towns to provide other services.
Just spend the money to service canadians... It doesnt have to be profitable nor an international competitor
Also, DHL sucks...
Had privatization ever worked out? Like, ever?
Yes. It works out really nicely for our oligarchs.
It works for politicians who do the usual sleight-of-hand around "fiscal responsibility," and for the eventual shareholders.
There are some examples in places like Russia where things like the privatization of the food system has led to more options for citizens, but it was a rough transition and much of the privatization just ended up in more corrupt systems.
@BlameThePeacock @shani66 To add to this. The privitization of the Dutch energy market did drive down costs for the consumers.
It worked.
Untill the war in Ukraine. That wiped out any consumer gains and then some as we got hit with the full force of the exploded gasprices.
Steve Boots has some good videos discussing the whole ordeal. Highly recommend him to fellow left-leaning Canadians. He's a former teacher and has managed to teach me far more than I ever hoped to learn on my own.
No need for an opinion tag if you're spitting straight facts
Some things make financial sense but not in a national security, social security, or unity sense. Privatizing utilities generally falls into one of those categories. I was arguing with my brother once about privatizing the local telco and he said it wasn't profitable. I responded with, "So? It never had to be profitable." There were certainly problems with it, and the expense was one of them, but it hasn't really gotten much cheaper after privatization, although a lot of people who could afford to buy stocks made a lot of money. And don't ask why, when our company was converted to publicly traded, we all didn't get stocks in it. Saying that out loud just proclaims it for the money grab it was.