History is indeed little more than the register of the crimes, follies and misfortunes of mankind.
– Edward Gibbon, English historian of Rome (1737 – 1794)
Doug McArthur at SFU’s Public Policy School cast his eye on one of British Columbia’s crime scenes:
I have suggested that since this whole system essentially involves a non-earned transfer of billions of dollars from BC citizens to private power producers, and that this result is perfectly obvious to anyone who takes the time to follow the money, the whole arrangement is essentially corrupt. The fact that the whole program has been developed behind closed doors in association with private power producers simply strengthens that argument.
Some have objected to this characterization, saying that while it may be bad policy it is not necessarily corrupt. I remain to be convinced. Meanwhile, it is perhaps worth noting that on the very week that Campbell profiled the Danish program, investigators in Denmark commenced a corruption investigation into the arrangement there. Perhaps a closer look at what is happening here in BC is warranted after all. Especially since the BC program is almost a total replica of that of Denmark.
We had a similar story HERE at Northern Insights October 2009. Imagine if Campbell’s policies guided W.A.C. Bennett and Gordon Shrum when they developed the two-rivers policy years ago. Today, citizens would have no low-cost heritage benefits from the Peace and Columbia rivers. Instead, every kW-h would cost consumers whatever the market would bear in today’s dollars, not those of 1965. That would have been bad for British Columbians but good for Wall Street, perhaps delaying its meltdown by 15 minutes or so.