Over the years I have done blogs, editorials and the like unto the thousands.
This is the all time shortest.
Within the next four years, BC Hydro, once as good a power utility as there was in the world, will be broken up.
It is, you see, presently bankrupt by private corporation standards, and only keeps, barely, afloat because it can and does go to us the taxpayers and consumers for more money.
This will end because the taxpayers/ratepayers will be tapped out.
Just what form the break-up takes, we’ll have to wait and see, but as sure as God made little green apples, she’s a goner.
Here is the crunch: Mike Harcourt will not be to blame and nor will Glen Clark, Dan Miller and Ujjal Dosanjh. Nor will it be because of some unforeseen world market.
This catastrophe belongs to Gordon Campbell and Christy Clark alone. They forced BC Hydro into making huge “sweetheart” deals with private producers to whom they now owe some $50-60 BILLION; the entire sordid affair happened on their watch with their blessing.
Christy Clark and the Liberals, on May 14, 2013, inherited their own tailor made dunghill, the only challenge being to clean it up without accepting responsibility. And with economists like our own Erik Andersen, the truth will emerge every inch of the way.
http://www.langleytimes.com/opinion/letters/206832711.html
There has been a for sale sign on B.C.’s assets ever since the liberals took over. Eventually people will realize that when all the revenue procucing are gone, and they are the only one’s left to finance the needs of the electorate, it will be far far too late. But it’s ok. No doubt the spin doctors will convince the majority that it’s for their own good.
That’s the problem with democracy. The majority is always wrong.