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by ygjb
1611 days ago
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I will point out that in Canada, many of our telecoms were run by privately operated, publicly owned organizations (Crown Corporations) that operated at arms length. Until they were sold for pennies on the dollar by governments looking to score a quick win for "fiscal responsibility" and "small government", these organizations operated with a high degree of public scrutiny, and had the goal of offering low cost, reliable services. By most accounts the quality of service in relation to the price has been awful in most places in Canada, and the few places that still have Crown Corp delivered telecoms are among the happiest customers in that sector. This same scenario has played out across multiple sectors including oil & gas, electricity and hydroelectric services, and here in BC, transportation services (BC Ferries). Everyone likes to take a dump on public run services, but practically speaking, they have more oversight and accountability than privately run services. |
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They were just highly protected by government regulation. The only ones allowed to do certain things, along with mandated Canadian ownership requirements. They had a defacto monopoly.