Alistair spoke about the Budget Implementation Act in the House of Commons
October 28th, 2016 - 12:40pm
Madam Speaker, I was really glad to hear my colleague's speech and comments today, which really underlined the fact that the Liberals are still very much marching to the same tune that was started by Ronald Reagan and Margaret Thatcher in the 1980s, the ideology of neo-liberalism.
The problem with asset recycling and privatization is that the public gets to accept all of the risk, and all of the reward goes to the corporations.
What is often not talked about in this place is that corporations get to enjoy the public infrastructure assets that taxpayer dollars built for them.
It allows them to conduct their businesses through the roads, bridges, and airports that our tax dollars have funded, and they are not paying their fair share. When corporations do not pay their fair share, the costs get downloaded onto the everyday population. We have seen privatization schemes blow up in Canada and around the world. In B.C., the B.C. ferries were privatized and the costs keep going up. If we look at what New Zealand did when it privatized its railways and ferries, it then had to buy them back because it was one of the biggest disasters it has ever had.
Therefore, I would again like to hear my hon. colleague's comments on the dangers of going down this route, and why we should be looking at alternatives.