What a poor take on Avi’s opposition to privatization of Canadian infrastructure. I can’t think of a single instance of selling public infrastructure to American equity or hedge funds that has worked out. Keeping travel costs down is not the main reason, however it may be an argument for the general public to understand. Carney’s whole investment summit is a nightmare. Selling of the Canadian Wheat Board was a bad idea. Selling Connaught Labs was a bad idea. Even selling the Oil Sands to American operators was a bad idea. Selling any successful Canadian enterprise is a bad idea, particularly to American hedge funds.
What a poor take on Avi’s opposition to privatization of Canadian infrastructure. I can’t think of a single instance of selling public infrastructure to American equity or hedge funds that has worked out. Keeping travel costs down is not the main reason, however it may be an argument for the general public to understand. Carney’s whole investment summit is a nightmare. Selling of the Canadian Wheat Board was a bad idea. Selling Connaught Labs was a bad idea. Even selling the Oil Sands to American operators was a bad idea. Selling any successful Canadian enterprise is a bad idea, particularly to American hedge funds.