this post was submitted on 29 May 2026
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[–] non_burglar@lemmy.world 6 points 5 hours ago (1 children)

You're about 35 years too late to post this.

[–] teyrnon@sh.itjust.works 1 points 4 hours ago* (last edited 4 hours ago) (1 children)

I guess the genesis of the hedge fund came, I forget, late 70s or so, this firm bought this productive firm after their stock price fell low enough to take control. They saddled them up with debt, sold off the productive bits, stole the pension, then declared bankruptcy, the company and it's workers were ruined, them walking off with a mint.

It has been celebrated since then disturbingly, as if it's an acceptable business practice.

[–] non_burglar@lemmy.world 2 points 3 hours ago

I'm not talking about the hedge fund, but restructuring CBC funding, very quietly de-clawing the crtc, and the repealing of anticompetitive and anti-concentration rules put in place in the early 1990s during the Chretien years.

This undid the balancing of news reporting accomplished as a result of the Kent report, opened up foreign ownership of newspapers and local radio stations, and basically ended the Canadian Press, an analogue of the Associated Press.

If you are old enough to remember the flood of new print titles of magazines and cheap paperbacks from about 1992 to 2005, that was the actual end of Canadian newspapers.

It was decried by a number vocal objectors, but no one cared, because communism was now dead and we were all going to become rich.