Show Notes
Back a few years ago, there was this moment where it felt like there was a movement building against monopolies. It started in the United States with academics like Lena Khan and Tim Wu and journalists like Matt Stoller speaking out about the creeping corporate concentration that was infecting so much of American life. Eventually that movement found purchase in the Biden administration, which put antitrust at the centre of their agenda. And because Canada is always a little bit behind the United States, we got our own version of that movement. And in a weird way, Jordan and I were both a part of that, when in 2022 and 2023 we put out our series on Monopolies on Canadaland COMMONS. It really felt like momentum was building and that everyday people were getting more and more upset about the domination of the big banks and the big telcos and the big grocery chains. But recently, it’s felt like that momentum has kind of….gone away. And there’s still plenty of people working on this issues here, but at least in terms of journalism, the trade war and the Trump administration and a million other things seem to have distracted away from what I still believe is such an essential issue. And that’s why I was so excited to get an email from Peter Nowak a few months ago. He said he had an idea and wanted to talk. Now for those of you don’t know Peter, he’s a longtime journalist who has done some amazing work over the years. When I was getting interested in business reporting more than a decade ago, Peter was one of the best out there. His main focus was the telecom industry. And that was a really interesting time for the telecoms. The Harper government was actually putting some pressure on them and had appointed an aggressive CRTC commissioner instead of just the usual corporate toady. And Peter was a dogged reporters covering all of this and was honestly a bit of an inspiration for me. He was the kind of journalist that I one day wanted to be. But he’d gone off to work at tech savvy, a small internet service provider, a few years back, so I thought he was out of the game. So I was really excited when he told me that not only did he want to get back into journalism, but that he saw our Monopoly series on COMMONS as his primary inspiration. You know, when you hear that kind of thing from someone you really admire, it’s pretty damn flattering. But more than that, I just think it’s so important, so necessary right now to have dedicated journalists on the monopoly beat. This week, Peter has finally launched his own Substack called Do Not Pass Go, the first two episodes are out already, and you should absolutely go subscribe and give it a listen. And we wanted to sit down to talk to him about reporting on monopolies, what he has in store and why he always forces himself to drive to another city just to watch a movie. Featured in this episode: Peter Nowak To Learn More Do Not Pass Go: The Debut Episode The Great Awakening: Competition Commissioner Matthew Boswell Support us at hatchetmedia.substack.com The Hatchet is a podcast and newsletter dedicated to exposing power and money in Canada. We deliver important, original and fascinating journalism about how this country actually works. Music: I dunno by grapes (c) copyright 2008 Licensed under a Creative Commons Attribution (3.0) license. Ft: J Lang, Morusque
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So today is the day of the Alberta referendum. And we just wanted to share with you some more of my conversation with Jeremy Appel. Here we dig into Danielle Smith’s origins as a media personality, and what that can teach us about her as a political figure. And specifically we take a look at some of the columns she wrote early on in her career where she espouses ideas like….how smoking can actually reduce your risk of cancer. It’s a really interesting lens through which to understand Danielle Smith and I had a lot of fun talking to Jeremy about it. Featured in this episode: Jeremy Appel To Learn More: Dark Phoenix: The Rise, Fall and Re-emergence of Danielle Smith by Jeremy Appel "Danielle Smith Claimed Smoking Cigarettes Had Positive Health Benefits" by Stephen Magusiak in Press Progress
This is a free preview of a paid episode. To hear more, visit hatchetmedia.ca
This is a free preview of a paid episode. To hear more, visit hatchetmedia.ca
There’s something that I’ve noticed lately when it comes to how we talk about whatever is happening in Canada these days. Every announcement from the government, every hot take from the newspaper columnists and the talking heads on the nightly news comes with a caveat: WE ARE IN A TRADE WAR. And that means that any investment in Canada right now is viewed as a great investment. Just don’t look too hard at the fine print. And for the most part, Canadians have been willing to go along on this ride. That is until last month, when Prime Minister Mark Carney hung up a “For Sale” sign on Canada’s four largest airports to a room filled with the world’s richest investors. This time, there has actually been some pushback. And I think that’s because it’s less clear who this is supposed to benefit. It’s hard not to think that Mark Carney’s Liberal’s have secured bottomless latitude to extract value out of Canada wherever they see fit — as long as it’s in the name of capital “I” investment. And if you’ve got a problem with that, well, you’re probably not on Team Canada. Or maybe you just don’t understand it. That’s certainly been the party line when it comes to the airport deal — even when we know that in other countries where they’ve tried the exact same thing the results have been crystal clear: prices go up and services get worse. So when Peter Nowak, Canada’s preeminent competition watcher, called me up last week I knew exactly what was on his mind. If our governing monopoly says it’s open season for big business in Canada, where exactly does that leave the rest of us? Peter and I dig into all of that and do a little cross-country check-in on the state of Canadian competition. NOTE: A version of this conversation also appeared in Do Not Pass Go Featured in the episode: Peter Nowak To learn more: “Watchdog Moves to Block Veggie Merger as Feds Drive Up Price of Competing Imports” by Peter Nowak in Do No Pass Go “Canada, EU Deepen Ties But Diverge on Consumer Protection” by Peter Nowak in Do Not Pass Go “The Anti-Competitive Barriers Holding Canadian Films Back” by Peter Nowak in Do Not Pass Go “Do Not Pass Go Hits One Year Thanks to Your Support! Here’s What’s Next” by Peter Nowak in Do Not Pass Go “Actually, privatizing Canada’s airports is a bad thing” by Arshy Mann in The Hatchet Support us at Hatchetmedia.ca The Hatchet is a podcast and newsletter dedicated to exposing power and money in Canada. We deliver important original and fascinating journalism about how this country actually works. Music: I dunno by grapes (c) copyright 2008 Licensed under a Creative Commons Attribution (3.0) license. Ft: J Lang, Morusque To hear more, visit Hatchetmedia.ca
Allowing big, private money to buy up chunks of our airports has been a long-held neo-liberal dream in Canada. Kim Campbell proposed it during her short-lived government, as did Justin Trudeau in 2017. They were both hoping to follow in the example of Margaret Thatcher’s UK, which became the first western nation to fully privatize their existing major airports back in 1987. Since then, many European countries, as well as Australia and New Zealand, have followed suit, with massive pension funds often purchasing the airports outright or buying up long-term concessions to run them. But the idea has never really caught on in Canada, for one very good reason — Canadians hate it. A recent Nanos poll found that over 50% of Canadians oppose the plan and with only a little over 30% in favour. And that’s because Canadians clearly have an intuitive understanding that airports aren’t the kind of asset that it makes sense for governments to completely sell-off. They are, after all, natural monopolies, giving them enormous power to charge what they want. So why does Carney want to do this? Because it’s not about what’s best for Canadians. Instead, this is a proposal that works for the benefit of major asset managers and pension funds. These giant pools of money are on a desperate search for increased returns, wherever they can be found. And vital infrastructure is a great place for them to do it. Because they know that they can gauge consumers with no consequences. Everyone knows that’s how these kinds of deals work. So it’s especially galling that the government still frames this proposal as a way to lower costs for consumers. Nothing could be further from the truth.