Gouging Manitoba public for hydro profits would spur cost increases throughout the economy
Lower overall standard of living versus low-cost, efficiently delivered public energy.
by John Ryan, for the Canadian Centre for Policy Alternatives
In an article rebutting criticisms aimed at Manitoba Hydro for generating too little profits for the province, John Ryan asks, "Is it reasonable to compare the operations of Manitoba Hydro with a 'publicly traded company' or a multinational corporation?" Ryan shows how higher efficiency and lower rates benefit the citizens of Manitoba and compares these conclusions to the cost-intensive effects of privatization.
"In a recent article in the Winnipeg Free Press entitled 'Reforming the Jurassic Crown' (Feb. 26), law professor Bryan Schwartz launches an unwarranted assault on Manitoba Hydro by means of an argument that is intellectually bankrupt. Despite the subterfuge and without an outright clarion call to action, his argument could be used to lay the seeds for a rationale for a future government to privatize an outstandingly successful publicly owned corporation. This is in keeping with a long-standing endeavour on the part of some business interests and political circles to privatize Hydroâ¦"
For the complete article, please click here.
John Ryan is a Retired Professor of Geography and Senior Scholar at the University of Winnipeg. He has a Ph.D. in economic geography from McGill.
Posted: March 18, 2011
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