[billytetrud]

Pointing to the best run government power company says nothing about the average government run power company. And I don't know why you think cheap rates for a government power company are particularly special. The rates are subsidized by your taxes. What's the real cost? I bet its hard to even find out.

> a previous conservative Goverment saddling it with 16 billion of extra costs due to grift

Oh really? A government run monopoly being involved in grift? How surprising. Guess what? That's what happens with government run companies. You can't simply wish away the opposing party. And I bet the party you like best also does awful crap you conveniently ignore.

For every great nationalized business you can point out, I could point out 100 that are awful wastes of money.

[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.