The British experiment will be worth watching.... that's for pointing that out.
But...
This is not about profit or loss, if it were then how would you explain this
over the last 17 years, Canada Post has added money to the public purse in every year except one. That was 2011. That year balance sheets bled red ink due to a rolling strike followed by a lockout; costs related to a Supreme Court ruling on pay equity; and a recalculation of pension liabilities.
reading...
http://www.theglobeandmail.com/globe...ticle15981676/
you just need to look at the Con's play book to see
http://www.fraserinstitute.org/research-news/research/display.aspx?id=10843
All I can say is you should take their advice....
The results showed that privatized firms increased profitability, efficiency, and dividends while reducing debt ratios and employment.3 Shareholders particularly benefited through substantial financial gain from these Canadian privatizations. Boardman and colleagues noted that investors who purchased a portfolio of privatized firms four days after privatization and held them for five years enjoyed an average gain of 123%, which is 70% higher than what they would have received by purchasing the market index (TSX) over the same period.
Not so good if you work for that company but if you had the money and connections to get in on the shares you could make a tidy profit.... and that is the whole point... transferring the profits from the public to the private sector.
Looks to me that since they changed out all the directors and top staff from the past government appointees to the new government appointees we are being set up to privatize. Manufacture a case through moves to lose money and then the only solution is to sell to the highest bidder. (can anyone see BC Hydro doing this?)
If you do read the PDF notice that they use the case of Cameco and it's success. Well those folks are in hot water with CRA for off-shoring the profits and taxes. Who got cheated???? People of Sask who owned the resource. It's a heck of a scam and without going to deep... 100's of millions of dollars have been cheated from the public from lost royalties and taxes. Will see how the court case goes or if it gets swept under the carpet.
Another big problem is that monopolies are not well suited to private control. That's why you set them up as a crown corporation. You need the public over-site to make sure they don't cook the books. Does this public over-site work? Well sometimes when the public is looking and thinking but lately people refuse to think and they let others think for them..... Or just let the flavor of the day sound byte be their guide to what's right or wrong in business.
Personally I could not care one way or another if I had to pickup my own mail.
As others have pointed out it's just junk mail anyway.
Even though they do make a tidy profit from that junk mail.
But hey just another nail in the coffin of the middle class....
Won't effect me..... just pointing it out....
Who will be next???? My guess is the Mint.... They have been very profitable for the government and I could see these Con's eying that profit for the Base ...... Nothing could go wrong... right?
(just a joke as I don't think printing money would go well as a private corporation)
GLG
Trained in business but lately questioning what I learned against what I see.
It's not adding up.....
, great pic I had a good laugh at that..
