After UNIONIZED employees refused an 8% pay cut provincial Crown Corporation Manitoba Hydro lays off 700 workers during COVID-19 pandemic – May 12, 2020,

If you’re unaware a Crown Corporation is a State-Run GOVERNMENT run company that’s usually a non-profit-based entity that distorts prices, raises taxes, raises the cost of living, and limits the options for the people it serves. Crown Corporations cause a whole lot of economic problems in Canada and if you think cost living in Canada is high, one of the main culprits is Crown Corporations.

Provincial Crown corporations are especially damaging because they decimate entire private industries as Provincial Crown Corporations often work in harmony with Federal Crown Corporations. CMHC is a federal Crown Corporation, the CBC is a Crown Corporation, The Bank of Canada is a Crown Corporation in Ontario our retail liquor monopoly the LCBO is a Crown Corporation in British Colombia their car insurance ICBC is a Provincial Crown Corporation in every instance in which you find a crown corporation you find a lot of WASTE that wouldn’t exist if that Crown Corporation was a privately owned company.

A crown corporation is any corporation that is established and regulated by a country’s state or government. This is the opposite of private companies, which are privately owned, structured, and operated to serve the owners of the company.

Unionized Crown Corporation employees cause a lot of price and wage distortions

This may come as a shocker to most people, but one of the main reasons housing costs are so high is because of the CMHC and the BoC. The Canada Mortgage and Housing Corporation and The Bank of Canada work in conjunction to prevent a housing crash from occurring, the work together to prevent prices from falling, which sounds good politically and is good for current homeowners, but is devastating for people who rent and people who are trying to purchase a new home.

Similar to a unionized public sector worker like a public school teacher as an example, unions often don’t consider market conditions when they want a wage increase and why should they? The mere fact that a crown corporation can sustain itself is a clear sign that Crown Corporations work right?

Well! you see here the thing, Canada’s dollar has to remain low because if the loonie were to raise as it did under Stephen Harper, Canada’s ridiculous cost of living will be exposed. What I’m writing doesn’t make any sense right? Well, because the Loonie is so low, it’s used as one of the barriers to prevent Canadians from buying everything from the United States.

In fact, if you as a Canadian buy something in the United States and you want to bring it back to Canada the government wants to know about it and punish you for doing it, why? because buying things in America, undermines what I call the scam that is slowly destroying the Canadian economy.

Ever heard of how dysfunctional the United States government is? Well in the event the U.S economy goes through a recession, Canada’s disfunction would be a full display, so let’s hope America never has a recession ever! Under Obama, the U.S dollar began to decline and Canada via the Bank of Canada which never had a housing crisis, was forced to cut interest rates and do all manners of buffoonery to make sure the Canadian dollar didn’t remain high, why?

Because as the Canadian dollar rises Canadian consumers started to ask hey if the Canadian dollar is on par with the U.S dollar, why aren’t consumer prices coming down?

One of the main culprits are crown corporations, these entities, in my opinion, are paid for by a depreciated Canadian dollar. A reminder, that interest rates in Canada should have never been lowered, we had no housing crisis, what was happening was Canadian consumers were getting to curious and businesses in Canada who operate under this system also were running into cash flow problems as Canadian private businesses with a high loonie were all of sudden now faced with a new American competition.

I say this because, in Manitoba, I’m certain the Unionized Hydro workers who work for Manitoba Hydro assumed that because they’re a Crown Corporation that their jobs could never be in jeopardy, but a reminder that Petro Canada used to be a crown corporation. Crown Corporations do get sold off during a pandemic and the one good thing about crown corporations for a Provincial or Federal government is when a Crown Corporation is sold off it’s not considered an Austerity measure.

A crown corporation and public servant although I think they should be aren’t viewed as the same government entity. I say this to Manitoba Hydro workers because although their labour union inflated their egos, the last thing they want is to be privatized because what will happen in that scenario is a lot of the workers not doing the physical labour will more than likely have to take a wage and benefits cut like the rest of us who work in the private sector.

I actually think the employees of Manitoba Hydro should be thankful that they have fiscally Conservative leadership because the inflated prices the people of Manitoba pay, to keep those unionized workers employed is obviously becoming a huge problem for the Manitoba economy and what would more than likely happen is not a temporary layoff but Manitoba Hydro being made a private company, which people like me would then either buy or sell as a stock, which would force the then Manitoba Hydro to be financially responsible, cut waste, restructure the company, which is way worse than simply being laid off with pay receiving unemployment benefits.

Manitoba Hydro plans to temporarily lay off up to 700 workers during COVID-19 pandemic | CBC

Interesting times ahead!