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Bell Canada scraps Labrador high-speed internet project, plans to invest in U.S.
(theindependent.ca)
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Bla bla bla.
Canadians need high speed internet services, too. Bell, Telus and Rogers are already gouging Canadians with insane prices. But it's still not enough? Fuck all that.
In Québec, there used to be several electric utility companies in different regions of the province. They kept charging too much for crappy unreliable electricity because they didn't want to invest in their shitty infrastructure to deliver electricity to their customers. They also didn't want to build infrastructures in further regions because it would cost them too much. Remind you of anyone?
Well, René Levesque, as the premier of Québec, made the province buy all the companies and nationalized them under one company: Hydro Québec. Since then, the infrastructure was expanded so the furthest regions of Québec. More dams were built. It became the pride of Québec and a great source of revenue for the province.
As it turns out, nationalizing important utility infrastructures is beneficial to the population, but trying to benefit shareholders is bad for the population.
I dont disagree with nationalization. Its an inelastic good with a natural monopoly due to cell phone frequency limitation caps, its an obvious case for nationalization, I think it would allow cellphones to use all frequencies and their increase speed and penetration.