[katbyte]

lol no. BC Hydro is profitable and is not subsidized by taxes, usually turning a profit for the province. it did this for decades until the previous government decided to privatize power production and surprise surprise that saddled the crown corp with a ton of extra costs where if it had built out the capacity itself and not funnelled money to private companies who were doners.

in canada every province with private electricity company is being reamed with high energy prices. every province with a government run power company is not. the same seems to apply in the EU/UK.

nationalized companies run from amazing too crap but every time infrastructure or natural monopolies is privatized the consumer/citizen looses out. EVERY TIME. from parking in Chicago to PG&E in cali to the 409 in ontario - privatization never works out and to prevent abuse regulation is always imposed.

turns out when you grant a for profit company a monoply they take advantage. every time without fail.

so we have on one hand nationalized companies ranging from bad to great for society to private companies always being bad doing everything possible to extract money.

[billytetrud]

> turns out when you grant a for profit company a monoply they take advantage. every time without fail.

Yes. Granting anyone a monopoly (a corporation or a government) is always a terrible idea. Let's stop doing that.

[katbyte]

Turns out somethings will always be a monopoly - you eont get to have multiple roads or power lines to your home. Somethings are natural monopolies and turns out in those cases it’s better to have a Goverment provider a service with the objective or serving community/people then a company who’s only goal is maximizing profit.

Also turns out that competition doesn’t always lead to the best outcomes for a society see healthcare in America vs the rest of the world or that we are speed running the world into a climate disaster

[billytetrud]

No it doesn't "turn out" that way. It is a self fullfilling prophesy where a government either grants a monopoly to a private company or to itself. There is almost nothing that would actually be a monopoly without government protection.

> you eont get to have multiple roads or power lines to your home

Why the fuck not? You are asserting things that you clearly haven't thought much about. But I don't have time to try and change your mind. Your biases are clearly too ingrained.

[katbyte]

It’s funny you talking about “bias” when you simply refuse to acknowledge natural monopolies which are a real thing https://en.m.wikipedia.org/wiki/Natural_monopoly and just presume they have to be “granted by the Goverment”

[billytetrud]

You're an idiot, goodbye.