this post was submitted on 14 Aug 2024
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Why would for-profit companies in a natural monopoly EVER lower prices??? Energy, telecom, airlines.... We privatized all of them and fucked ourselves over...
Privatize everything!!! The prices will get lower!!! People are so fucking dumb....
Privatized Electricity in Ontario was one more nail in the coffin of me moving to BC. Previously it was Ontario Hydro which sold to Enwin? I think. My bill went up because of new fees, one being Debt Retirement fee, which was paying off Ontario Hydros debt deficit. It rubbed me the wrong way because if you privately purchase a company you take on their debt/liabilities as part of your business strategy, forcing customers to pay your new debt when there was no alternate provider is just a horrible practise. Ontario should have forced Enwin to just absorb it as part of the takeover...Or left it public.