The Globe and Mail front page Report on business today indicated the Ontario govt will reduce debt by proposing to sell the assets of LCBO, ONTARIO POWER, HYDRO ONE, and THE ONTARIO LOTTERY CORP .
In general most entrepreneurs like myself are in favor of privatization . If you have every walked through a Hydro head office ( I have ) you can sense there's room for improvement in those thousands of cubicles .
Given that the gov't has generated a 24 Billion ( yes that's billion ) dollar deficit it would seem at first glance that number could be reduced greatly by the asset sale .
I only have two problems with that -
1. If the government uses the funds as wisely as they did for the E-Health debacle we are in trouble
2. Will I still be able to get a decent wine selection at the LCBO as my tastes are moving upscale - and if you have ever been to a privately owned liquor store ( I have ) you know its about fast moving low priced inventory
Stan
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