Public Values

Activists, opposition force retreat on public asset sell-off in Ontario

"Super-corp" meets a quiet, if temporary, demise.

Selling off all these assets would be short-term gain for long-term pain - Smokey Thomas, OPSEU.TORONTO, July 12, 2010: The Ontario Public Service Employees Union (OPSEU) was one of many organizations that applauded Finance Minister Dwight Duncan's announcement that the province will scrap the planned partial sell off of valuable Crown assets such as the LCBO, Hydro One, Ontario Power Generation and the Ontario Lottery and Gaming Corporation.

OPSEU President Warren (Smokey) Thomas said today that he is glad that McGuinty Liberals have finally realized that selling off assets that generate revenue for the province is, and always will be, a very bad idea.

"Together, these four Crown Corporations earn over $4 billion a year in pure profit for the people of Ontario," Thomas said. "Selling off all or part of these assets would be short-term gain for long-term pain. The government would get a one-time cash injection but lose the revenue stream from those assets. For good."

Denise Davis, Chair of OPSEU's Liquor Board Employees Division representing members at the LCBO, said that any privatization of Ontario's liquor sales is an idea that should be buried forever.

"Every time an Ontario government needs quick cash, they raise the possibility of selling the LCBO," Davis said. "From both a profit and a safety standpoint, it is nothing but a foolish move that would ultimately hurt this province."

Thomas said that despite today's announcement, OPSEU will continue to scrutinize the government's plans in the weeks and months to come.

"Duncan has said his government will be going ahead with the 'restructuring of smaller assets' and won't identify what those assets will be," Thomas said. "We will vigilantly monitor any moves by the McGuinty Liberals to ensure that this 'restructuring' doesn't involve revenue-generating, publicly-owned corporations being stripped away from the people of Ontario."

Links and sources
  Problems force Liberal retreat on SuperCorp

Posted: August 03, 2010

Categories:
  News
  Public services
  Front lines

Public Values (PublicValues.ca) is a project of the Golden Lake Institute and the online publication StraightGoods.ca


Public Values
 
HOME
CONTACT US
SEARCH
FREE BULLETIN
FRANÇAIS
Search PublicValues.ca
Donate to PublicValues.ca
News
Research
Politics
Campaigns
Health care
Public services
Natural resources
Energy
Education
Front lines
Voices of privatization
Feedback and dialogue
Visit StraightGoods.ca
About Us
Donations
Newswire/RSS
What is framing?
Tuesday, October 17, 2017
Updated frequently
To view photo captions, run your mouse over the photo
 
Bookmark and Share

© Golden Lake Institute/PublicValues.ca, 2007-11
PublicValues.ca owns copyright on all staff-written articles.
We encourage others to freely distribute material from this website but, without explicit permission,
Web publishers may only use short excerpts that also include credit to us and a reference to our site for the full article.
This site is managed by the Golden Lake InstituteVisit Golden Lake Institute Website and Straight Goods NewsVisit Straight Goods News Website
For comments or suggestions, please contact the PublicValues.ca Editor
For technical issues, please contact the PublicValues.ca Webmaster