Re: Quebec hydro, I can’t think of an example of a crown corp or asset (see 407) being sold in Canada that has benefited the public with better quality at a lower price in the end. Privatization drives the need for shareholder profit to extract value more than efficiency so gains aren’t passed on. People contort themselves to think this isn’t the case… but the track record for power, automotive insurance, cellular service says otherwise… The only good argument I’ve ever seen of outside of pretending efficiency leads back to consumers is hidden externalities being covered by the government which is fair toy stability of a public service, averaging out costs for really isolated areas, and decent jobs with pensions is worth something too.
