this post was submitted on 26 Oct 2026
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So wait a minute,
Company gets bought off to private equity, strips the assets until bankrupsy. The government steps in and wants to support the employees to take the gutted business.
Im all for support of workers owned businesses.
But seems like the government isn't dealing with the root cause here.
End result: Private equity made money. Good business was stripped out of assets. Tax payers to support rebuilding.
Just tax the private equity firms more.
"Private equity" isn't a monolithic structure that can be easily defined. It's just private companies with an exotic corporate structure. You can't really target them because you will target other private businesses in the process. What you can do is regulate their behavior so that a lot of their financial schemes are no longer profitable. Like, you shouldn't be able to buy a hospital and then create a shell company to lease it back to itself while investors pocket the rent. PE finds creative ways to stiff banks and consumers with financial engineering and that's what needs to be addressed.
Banning leveraged buyouts would be a good start.
The NDP aren't the government and never have been.
Avi Lewis hasn't even been elected to parliament.
The problem is it's not a private equity firm incorporated Canada. Like most things, a lot of the private owners of Canadian businesses, are American. We do the the work, they make the profits. We want to tax them? They'll just shut down all their Canadian "investments." Until we get it through our thick skulls we don't need a rich American to own us and can run a company just fine without them, carefully leveraging crown corps as a public investment vehicle until a company can stand on its own legs and be privatized is a useful way to disentangle us from our current status as a resource colony for other countries.