Immediately following privatization, CN began prioritizing its new shareholders—within less than a year, CN initiated its first dividend payout in 1996, delivering $99 million to shareholders. Since then, dividend growth has been explosive, with increases of between 10 and 30 per cent year-over-year every year from 1997 to 2019, with the exception of a seven per cent increase in 2010.
“Yes”
We should nationalize all important infrastructure
All infrastructure is important. When it comes to providing the bones of the frame on which a nation hangs, the state is the ideal developer of infrastructure. In no world has a private infrastructure system ever been more effective than a public system in any sector. The state is supposed to be the frame the economic muscle of the country hangs on. That frame is the national infrastructure, and none of it should be private.
Yes sorry that is what I meant. All infrastructure should be nationalized
Let’s make a test for this:
- is it an industry you’d be forced to save if it went bankrupt?
- is it a natural monopoly, or a field that consistently concentrates to at most 1-3 companies?
- is it so important that a labour strike or shortage causes significant external impact to the economy as a whole?
- is it a foundational infrastructure with no viable alternative replacements?
If you answered yes to these questions, then you should nationalize it.
The free market can’t or won’t ever provide a better service, and there’s no viable replacement. There’s no value in it being private, in fact, it’s negative value as the corporate margin acts as a tax anyways. If you took all the corporate profit and dividends and reinvested, you would be further ahead than privately owned.
Nice! Thanks.
