this post was submitted on 05 Jul 2023
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If only Canada’s largest and oldest airline could have predicted Canada’s annual high travel periods…
Maybe yet another cash infusion from the government will help them remember.
The privatization of Air Canada was a mistake
In fact, the privatization of most Canadian crown corporations was a mistake
From a government perspective, connecting remote areas has economic advantages through improved trade, better access to services, and eventually increased economic growth/more tax revenue. For private corporations, none of these advantages materialize.
That's why China is able to afford a trillion dollars of debt to build HSR when nobody else can: it allows them to push economic growth away from tier 1 cities (Beijing, Shanghai, Shenzhen, Guangzhou) and towards tier 2 and tier 3 cities.