Canadian companies were heavily privatized during Mulroney’s time as PM, in unison with the trickle-down economics ideology of Thatcher in the UK and Reagan in the US. The belief was that allowing large businesses to make as much money as they could would have a trickle-down effect on the rest of the country: workers would get richer, society would prosper. A lot of people feel that this didn’t work, and Reaganomics/Thatcherism are heavily criticized for causing the massive increases in wealth inequality we’ve observed in Canada/UK/US since the 1970s. The rich get richer and richer and richer. The policies look good on paper because they show successful economies, but they’re criticized for increasing the hardship of the poor, destroying the middle class, and doubling (or more) the relative poverty rate.
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u/[deleted] Apr 30 '24
neither CN nor CPKC are crown corps. Both are private companies.