this post was submitted on 11 Nov 2023
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can you please flesh out what you mean by "nationalize" did you plan on paying people for what they have invested in these industries or just taking it away from them?
For Telecom, they'd get paid something for towers and lines connecting everything, but also keep in mind we've given them billions to do it as well, and they've failed when it comes to rural support. So it wouldn't be fair market value IMO.
From there, anyone could use the network to run a service, all becoming MVNOs (mobile virtual network operator) and pay to access the lines all at the same wholesale rates.
At that point Canada could hold off on offering their own MVNO and see what happens before taking a further step of making their own MVNO. Maybe each province would make their own?
Simple. Just make the board of directors be made of people who are pro nationalization then direct them to sell the company to the citizenry for pennies on the dollar.
Just like what Royal Mail did. The tory government sold it during a strike thereby selling it at a much lower value.
So as follows:
We should not be in favour of theft but in favour of "fair market value" and "market efficiencies by cutting the extra fat off of private ownership" ;)
The conservatives/liberals did it one way it's equally valid the other way.
If it's theft if done by our government then it's theft if privative investors do it to us.
Investing is supposed to be a risky venture. This is the risk.
This has been done in the past in other countries. Multiple times. What were the consequences? Is that what you want to happen in Canada?
Learn from history, people.