• zephyreks@lemmy.ca
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    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.