Why your Rogers’ Internet fees can go up even though you’ve signed a contract – April 09, 2018
This is in response to the article written by Ellen Roseman which can be found here:
Rogers’ and Bell Internet can charge you whatever the HELL they want, because nobody can compete with them. They have a MONOPOLY on telecommunications in Ontario, the reality is Rogers and Bell can make up a number they feel like charging Canadians. I’ve actually written about this issue in the past, there’s a particular failing CROWN CORPORATIONS that is heavily invested in the telecommunication industry in Canada. You may want to research that to get an idea of why there COULD BE a monopoly in telecommunications in Canada.
You see Canada once you accept corporatism it never stops it can’t stop, there are too many protectionist industries at stake. Unions, protected crown corporations all who have political voice to thwart any hopes of a free market in Canada. Hey let’s call a spade a spade, up to now this corporatism has worked, but this is what’s happening and I’m honestly not sure how long Canada can hold on because, unlike the 1990’s when Paul Martin had to clean up Pierre Trudeau’s mess now we’re in 2018 were Canada is in uncharted territory and it would ok if say Canadian debt levels were similar to the United States, the U.K, Germany etc.
But no Toronto’s housing market is higher valued than New York, London and Hong Kong, haha I laugh everytime I think about that. Toronto has more land and less people than all three of those aforementioned cities? Do you honestly think Canada is not in a financial crisis. One other thing that Ontarians aren’t putting into account is the decline of the Canadian dollar. When I read or hear about people mentioning the Canadian housing bubble from my point of view they speak like it’s going to be this armageddon type of scenario, but no Canada, that’s not what’s going to happen, it’s going to be a slow halt to the bottom.
Canadian housing prices can not go down, I don’t think Canadians get it, if housing prices go down or even remain stagnant for long period of time say 1 year, it’s game over it’s not a housing crash it’s a debt collapse. What Canadians don’t seem to understand for the most part is that certain creditors just won’t be here, they’ll take their profits and exit the market. These creditors will also accept their losses and sell their clients, what this will lead too are higher interest rates independent of what the BoC does and in response to prevent a total collapse the government will intervene, the Canadian dollar will take a hit and things will continue as normal, except in the future Canada, there will be more and more crashes, because Canada is already protectionist.
Everything in the Canadian economy is interconnected and these monopolies that Bell and Rogers Canada have are protected, and the protection the consumers have is another government agency. This silliness could have easily been solved by the free market, but hey Canadians appear to love protectionism. All this protection worked well in the 1990’s I honestly don’t think Canadians understand how great a job Paul Martin did. Yes, although I’m relatively conservative I give credit where credit is due.
The problem now facing Canadians is flexibility, you see when Paul Martin did what he did in the 1990’s, Stephen Harper did what most conservatives wish more politicians would do to the economy, which is NOTHING, unfortunately Justin Trudeau and his finance minister didn’t get the memo and they intentionally ran a deficit and promised Canadians everything, so as prices rise in every PROTECTED AND TAXPAYER FUNDED INDUSTRY, government is going to run into some disasters.
This isn’t the 1990’s Canada, debt now is at ridiculos levels, there is no going back, nothing can come down if prices don’t appreciate there will be a collapse, the bank can’t raise interest rates with all this regulation because less people will qualify for homes, existing credits will be prolonged and this will lead to price declines. Unionized workers in unprofitable crown corporations are protected not only from job loss but from inflation, industries that crown corporations are invested in are also protected from outside competition, Canadian industries are also protected from outside industries in the forms of tariffs and here’s the thing Canadians don’t understand entire industries who export Canadian made goods are disappearing and being replaced by Government jobs here in Canada. GOVERNMENT DOESN’T BUILD or EXPORT ANYTHING and government protected industries are not competitive.
Government is growing while the private sector is shrinking, protected companies like Bell and Rogers will continue to be protected as the government grows and all this, debt fueled environment leads to a crash that the government can’t allow to happen, which ultimately leads to hyperinflation of the Canadian dollar. Hyperinflation happens when it’s clear that a country imports more than it exports. When it becomes clear that a country can’t pay back it’s debts, it’s currency begins to decline.
Meaning it becomes more expensive to import things into the country. When this happens, I hope you know it won’t be a huge news story, you might read articles here and there about it, but the news is not going to want to spook the public, all that will happen is our quality of life will go down. That’s how this stuff works folks, ask South Africans.
People do not want to invest in the government and protected industries are not appealing to investors because as an example, unions equate to less profits for investors, which leads to less investment. If you don’t understand what I mean take a look at gold mining stocks. Want to know why Gold mining stocks are rarely profitable, take a look at the unions. The collapse is happening in Canada and I don’t think people see it, it’s approaching faster than people think and Canada is one debt crisis away from a microscope being shown on the Canadian economy.
Rogers and Bell will do whatever they want, there’s really nothing Canadians can do, unless we decide that we want to allow foreign competition? If foreign competitors are allowed into the Canadian telecommunications marketplace well.. retirements and entitlements may be at risk. What’s going on in Canada is really easy to understand if you do your research. An economic collapse in my view will be the only way people will see what’s really going on. When will the collapse happen, I don’t know, but the writing is on the wall. Be prepared Canada, change is coming!