Quote:
Originally Posted by CaptainCrunch
Nationalize them, the last thing the government should do is run companies, they're barely competent enough to run a province or a city or a country.
If you nationalize Bombardier it becomes a make work project with 10x the employees, no incentive to make a profit, and it suddenly can't design a jet that doesn't cost a billion bucks a copy and can't compete on the world scale so the government blows a bunch of cash buying them.
If a business can't fix itself, look at its model and adjust it, then its time for it to die.
One of the big shareholder concerns with Bombardier is that outside of Air Canada buying some, their jets aren't cost competitive and they have no sales in the pipeline because other companies can do it better and cheaper then they can.
That's not viable.
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I dont disagree on any particular point but we have predominantly Socialist Governments in power both Provincially and Federally, and thats fine, but its time to stop half-assing this.
If a company comes to you for money you have to make a choice. There is no sense in giving a company money, and we are
giving, we're not getting this money back, if it isnt going to fix their problem and ergo the public's problem.
These Governments have been elected to solve our problems right? They're going to take care of it. So its time to get to it.
So either Nationalize the company and operate it as suits the Government's needs or leave them be to whatever their fate may be.
Sure, a Nationalized company is going to suck, but its what the majority asked for via elections.