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Wednesday, March 17, 2010

Conservative Government Acts Conservatively

Like a broken clock:

Ottawa is preparing new measures that may soon allow foreign companies to buy small Canadian wireless players, part of the Harper government's ongoing attempts to deregulate the country's telecommunications sector.

In its budget last week, the federal government said it would open the satellite sector to greater investment from non-Canadians. But Industry Minister Tony Clement said he still has broader ambitions for reducing barriers to foreign investment in telecom. This could include allowing outside investors to acquire small players in Canada's wireless sector.

“That is one of the possibilities, but not the only possibility,” he said.

The progress is admitedly slow but it is a positive step. Canadian industry has lived inside an economic hothouse since the days of Macdonald's National Policy. Forcing Corporate Canada into the bracing winds of international competition will be as painful as it is necessary. Having consoled themselves with gouging - and since there is little practical alternative gouging is the right word - Canadian consumers for decades, they won't leave the hothouse without a fight. 

Posted by Richard Anderson on March 17, 2010 | Permalink

Comments

Open skies next, please! This is the best chance to break the privileges that Ontario's corporate elite have enjoyed for time immemorial. Smash the rich!

Posted by: Zebulon Pike | 2010-03-17 6:43:48 AM



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