Prime Minister Justin Trudeau’s government unveiled details of its plan to tighten government spending Thursday — and not all departments are feeling the same impacts.

  • MrFlagg
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    1 year ago

    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?

    • NotMyOldRedditName@lemmy.world
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      1 year ago

      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?

    • twopi
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      1 year ago

      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:

      1. Make the board of directors of a corporation out of people that are pro nationalization (rig shareholder elections if you need to)
      2. Create a crisis in the company (strike or slow down or loss of an important government contract)
      3. Have the hand picked board of directors sell the company to the government for pennies on the dollar
      4. Give the hand picked directors healthy public pensions and an Order of Canada
      5. Rinse and repeat

      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.

    • zephyreks
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      1 year ago

      Investing is supposed to be a risky venture. This is the risk.

      • frostbiker
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        1 year ago

        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.