this post was submitted on 26 Sep 2023
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The federal government says it plans to review the $8-billion sale of Canadian-based grain-handling firm Viterra to a European-based conglomerate.

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[–] [email protected] 17 points 2 years ago (4 children)

sigh

We're gonna be reliving and regretting Harper's sale of the Canadian Wheat Board for decades to come.

[–] [email protected] 11 points 2 years ago (1 children)

Farmers should have known it was a scam when the board wasn't broken up, just privatized. "Oh yes, you can now sell to anyone! But the market is now dominated by this private quasi-monopoly..."

I mean, they also should have known that competition wasn't going to meaningfully increase the prices they were getting, since grain buyers are middle-men, but people in general have a hard time learning from outside contexts.

[–] Jesse 10 points 2 years ago (1 children)

Yep. All the arguments from the time of how the free market will be better, keep aging like milk, as moves like this progressively whittle down any semblance of competition.

[–] [email protected] 7 points 2 years ago

Yep. Funny how easy it is to sell things to the highest bidder. And how much time, effort and money it is build it from scratch.