William Watson Will pipeline suffer the death of a thousand rentseeking slices?

Image for article William Watson Will pipeline suffer the death of a thousand rentseeking slices?
News Source : Financial Post

News Summary

  • Canada's biggest industry isn't oil and gas or health care or wheat.
  • It's people trying to carve themselves a slice of other people's action.
  • In the past few days it’s been on full display in discussions about a possible new pipeline from Alberta to the B.C.
  • coast.
  • If the project pays less than 10 per cent, forget it.
  • If it pays just 10%, it's dicey, a coin toss; if it pays 15%, you’ll be earning rent.
My past column was about the Econ 101 concept of cost and how its different from the PoliSci 101 topic of affordability. This column is about another Econ 101 concept rent, which also spills into Po [+5759 chars]

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