The curious case of BCRIC: How not to privatize - Vancouver Sun

The curious case of BCRIC: How not to privatize
We shouldn't let 2009 end without noting that it marks the 30th anniversary of an important, if failed, Canadian innovation. The B.C. Resources Investment Corporation (or "Brick" -- as it was known to all British Columbians)was the world's first large-scale privatization of government assets. The Social Credit administration of Bill Bennett decided to transfer to the private sector a motley collection of Crown corporations and other assets that had been brought under provincial ownership by a previous NDP government. However, they did so in a manner that has since become an important reference point for other jurisdictions, a lesson in how not to privatize.