Posts Tagged ‘privatization’

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Israel capped CEO pay for banking execs at $1 million. Its unique experiment could work here, too

Friday, January 14th, 2022

Over the years, the ratio between those who hold the top jobs and regular employees has gone up tremendously. Justifications for this were always based on arguments that CEO pay is set in a competitive market. The reality, however, is different. CEO pay has no equilibrium and continues to ratchet up endlessly… For too long we’ve been brainwashed by free-market myths about CEO pay. The natural experiment in Israel has refuted them.

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After decades of delay, national child-care plan proves an ambitious social agenda is possible

Thursday, January 13th, 2022

… now that it’s clear a national child-care system is politically viable, it will be up to the Trudeau government to ensure that the one it’s started to build is strong — and public. The success of Scandinavian-style child care stems from the fact that it is a truly public system — like our school system — with no place for private profit-making, which leads to cutting corners on staff and resources.

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What do we want our health-care system to do, and how much are we willing to pay? 

Wednesday, January 12th, 2022

In late 2019, the Ontario Hospital Association published a report touting the sector’s history of efficiency while warning that the efficiencies had come at a cost. It noted that, if Ontario funded its hospital system just to the level of the Canadian average, that would cost another $4 billion annually. But almost all Canadian provinces have relatively few beds per capita compared with other wealthy countries…

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The Care Economy Data Room: Eldercare

Friday, November 12th, 2021

Canada spends roughly 1.2% of GDP on eldercare. The OECD average is 1.7% of GDP… Nine out of ten older Canadians live at home. While care needs increase with age, even among those aged 85 and older, only 32 per cent live in residential care… There are currently 38,500 people in Ontario on waiting lists for long term care, with waits as long as 5 years… 3 million Canadians rely on unpaid, informal care – 39% rely exclusively on informal care – most of which is provided by women.

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Reforming long-term care starts with Revera

Monday, October 11th, 2021

… the federal government owns 100 per cent of Revera, the second largest long-term-care and retirement home group in Canada… Revera as a for-profit chain has one of the worst records in Canada, with so far over 800 deaths in its LTC and retirement homes… The newly elected federal government should move on turning Revera over to the provinces as a not-for-profit public company in LTC… If the federal government wants to make Revera a real public not-for-profit, this is easily doable and the process could start tomorrow.

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Faculty associations ask federal candidates to protect public institutions from private-sector restructuring

Thursday, September 16th, 2021

This federal election is an opportunity to commit to our cherished public institutions that have been created for the common good, including universities, and to ensure that they are protected from proceedings designed for private sector corporations under the BIA and CCAA acts. It is the responsibility of federal and provincial governments to ensure the health and sustainability of public institutions through appropriate instruments and regulations for the public sector.

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Laurentian University’s collapse shows federal government must protect public institutions from private-sector restructuring

Monday, September 13th, 2021

… the interests of big banks, whose profits have soared during the pandemic, have been put squarely ahead of the university’s students, faculty and staff. Royal Bank, TD Canada Trust and the Bank of Montreal are extracting upwards of $100 million in debt repayments from Laurentian, leaving only scraps for the workers terminated without severance. The CCAA forces the most vulnerable to wait at the back of the line.  This is a warning to anyone who values Canada’s public institutions.

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Supreme Court sides with York University in copyright tariff dispute

Thursday, September 9th, 2021

If the Supreme Court had delivered a different judgment, it “would have been an absolute disaster” and would have forced universities to limit their use of fair dealing or risk retaliation from Access Copyright… that really scared a lot of people.” … The opportunity for postsecondary institutions to expand their use of fair dealing is the big takeaway from the legal dispute

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With big bonuses, Air Canada gives us all a $10-million slap in the face

Friday, June 4th, 2021

The airline disclosed… that it gave the bonuses last December to executives and managers “for exceptional performance” over the past year as air travel plunged during the pandemic… What surely leaves Canadians flabbergasted and furious is that this is not one firm making one bad decision… Freeland should… find a way to withhold public funding for Air Canada until the airline rescinds bonuses that stand as a $10-million insult to the country.

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Governments paid billions to help develop COVID-19 vaccines — so why is Big Pharma charging us billions more for the vaccines we helped create?

Thursday, June 3rd, 2021

If we think of war profiteers as being lower than a snake’s belly, what are we to make of the drug industry’s pandemic profiteers? … Canada, like other government funders in this global crisis, is not expecting to recover its costs in funding COVID-related medicine…  governments that fund research that is used in lucrative commercial drug production must demand a return on their investment. 

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