EZRA LEVANT ｜ One of Canada's richest monopolies begs for more taxpayer bailouts
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Summary
One of Canada s richest monopolies begs for more taxpayer bailouts. It's really gross, and it's a good thing it doesn't come from the government. It comes from Bell Canada Enterprises, one of the oldest and richest companies in Canada, worth $52 billion. Did you know that they're begging for your tax dollars as a subsidy from Trudeau? I'll give you the super gross details.
Transcript
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Hello, my friends. Interesting show today, if I do say so myself. I want to talk about Bell
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Canada Enterprises, one of the biggest companies in Canada, one of the oldest companies too.
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It's worth about $52 billion. Did you know that they're begging for your tax dollars
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as a subsidy from Trudeau? I'll give you the super gross details, but first let me invite
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you to become a subscriber to Rebel News Plus. That's the video version of this podcast.
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Just go to rebelnewsplus.com, click subscribe. It's eight bucks a month. And not only do you
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get the video version, but you support Rebel News because we need that money because we
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don't take any money from the government. And I promise you, we never will. We never will.
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Tonight, one of Canada's richest monopolies begs for more taxpayer bailouts. It's really
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gross. It's August 4th, and this is the Ezra LeVant Show.
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Let me read a gorgeous headline to you. It's just too much. It's from the Globe and
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Mail. BCE's CEO calls for government assistance for struggling media sector.
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In case you don't know, BCE stands for Bell Canada Enterprises, one of the oldest and richest
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companies in Canada. I checked, and as of today, it's worth $52 billion on the stock market.
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Here's the stock price chart. You can see they made a killing during the pandemic lockdowns. Of
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course they did. When you were locked in your homes, not allowed to go to work or school or
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a restaurant or sports or whatever, you couldn't go to funerals or weddings, what could you do
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but sit at home and watch TV on cable from Bell? They made billions off the lockdowns, and it was
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not surprising to learn afterwards that Trudeau actually paid the big TV stations, including
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CTV, which is owned by Bell, paid about $104 million to promote their lockdown propaganda. So
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that was pretty cozy. Trudeau locks Canadians in their homes, shutting down any real-life social
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interactions, forcing you to go online for any human contact. And surprise, the big internet
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and cable and cell phone company made billions of dollars off it and supports the lockdowns with
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a vicious vengeance against anyone who dared to call for freedom instead. Look at that stock chart,
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though. It's not as shocking as the big pharma companies, but it's close. So anyway, it's this
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big monopoly company that got rich off the lockdowns. They're begging for help, not trying to earn their
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wealth from their customers, trying to coax it out of Trudeau, because apparently $100 million
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to promote the lockdowns, that's already been spent. Let me read a little bit from the story.
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BCE's chief executive officers calling on Canada's broadcasting and telecommunications
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regular to help the country's media sector cope with a challenging advertising market and competition
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from foreign giants. Bell Canada is a giant itself, though. I read their most recent annual report.
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Look at page 81 on their report. $24 billion in revenue last year. $69 billion in assets. That's up
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$9 billion in two years. Like I say, they literally made $9 billion off the lockdown. They are profiteers,
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just like Pfizer is. Oh, and they also happen to own, besides a swath of TV stations and cable companies
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and cell phones. Well, they own a chunk of some major sports teams. They own the Toronto Maple Leafs,
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the Toronto Raptors. They own huge sports arenas. They're billionaires who employ pampered millionaire
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athletes. These are the people who charge $300, $400, $500 for a ticket to see a ball game.
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And they're begging for handouts from the government, which means, of course, from you,
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taxpayers. Let me read a little more. During a conference call Thursday to discuss the Montreal-based
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company's second quarter results, Mirko Bibich said, more needs to be done by the CRTC faster
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to ease the pressures on the industry. Quote, the ecosystem in Canada is under severe stress
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and requires urgent government assistance, Mr. Bibich said, as BCE reported, higher second quarter
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revenue, but a steep drop in profit owing to higher expenses. So hang on. So they're wringing more money
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than ever out of Canadians, but they're just spending so much that taxpayers have to fix that.
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Otherwise, these billionaires might have to take, you know, not even a pay cut, but maybe a slightly
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smaller bonus. It's amazing to watch these predators, who are rich mainly because they have a protected
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cell phone and cable monopoly, claim to be the little guy. When massive U.S. companies with global scale
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and global footprints are having extreme difficulty contending with the difficult advertising markets,
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you have to ask how Canadian broadcasters are expected to navigate them with such an unfair
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regulatory playing field. He added, got it, got it. They have, they literally have a monopoly.
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You're not allowed to set up a cell phone company in Canada without government permission,
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but they're, they're being treated unfairly. Hey, how about poor Bell customers like me?
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Take a look at this. Here's an independent international review of cell phone prices in every country,
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including prices for data. Look at the different charts. Canada is literally the worst country in
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the world for how customers are treated. We pay the most for cell phone data and coverage in the world
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and we get the least because companies like BCE hoover it up without competition. You cannot have
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American competitors up here because BCE lobbies to keep them out. They need more government money,
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a.k.a. money from you. They really don't care about anything other than money, of course.
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Look at this. In June, BCE's Bell Media filed an application asking the CRTC to waive local news and
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Canadian programming requirements for its television stations. Got it. So they want CTV and their other
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propaganda stations to not have to publish Canadian stories. They want to, I don't know, publish America's
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Got Talent or the Barbie movie or whatever. But they still want a monopoly. Oh, and they just laid off
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1,300 people in their news division. But can they please have more taxpayer money for Canadian content?
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The company announced back in June that it was eliminating roughly 1,300 positions as part of a
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significant reorganization. It expects to see the financial benefits in the second half of the year.
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Okay, so they fired 1,300 people and they think they're going to see the benefit of that soon
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because they paid them out, but they're still begging? They're so gross, but it's a perfect fit
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for Trudeau, isn't it? And look at the sucking up. Mr. Bibbitt said he's encouraged that the federal
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government is, quote, trying to help out on the news side of things with Bill C-18, the Online News Act,
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and that the industry is, quote, pushing back against the very aggressive moves by Meta and Google.
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The tech giants have announced plans to block news content for Canadians in response to Bill C-18,
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which forces them to pay media organizations for that content. Meta has already begun rolling out
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the change. Except for the Globe and Mail is lying there, and I'm sure BCE is lying too.
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Facebook and Google are not being forced to pay for content. They're being forced to pay for even
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putting a link to that content. Like, you know, when you do a Google search, it gives you a list
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of websites to fit your description. It shows you the first sentence or two, and then it links.
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So you go to those sites. Google would have to pay the companies that show up in those links for the
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privilege of linking to them. That's not paying for content. That's paying for linking to someone,
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which the companies love. It's how the whole internet works. It's so stupid to pay to link to
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someone. Bell knows it's stupid. Globe and Mail knows it's stupid. Trudeau knows it's stupid.
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They're all pretending that it's a thing because they're all in on it. Bell, the Globe, the liberals,
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everyone, they're all in on it, just like they were all in on the pandemic feast, making billions.
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See, I went through BCE's annual report, as I told you. The word profit appears seven times,
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which seems a bit shy for a company that had a whopping 42.2% profit margin before interest taxes
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and depreciation. A 42% profit margin? Of course, because they have a near monopoly on cell phones
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and cable plans, and they're begging for more. Seems shy to only mention the word profit seven times,
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but the letters ESG are in their annual report 64 times. What's that? Well, here's how they explain
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it. Our environmental, social, and government's ESG objectives, which include, without limitation,
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our objectives concerning diversity, equity, inclusion, and belonging, DEIB. Our targeted reductions
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in the level of our greenhouse gas GHG emissions, including, without limitation, our plans to be
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carbon neutral for our operational GHG emissions, starting in 2025. So they're basically implementing
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Justin Trudeau's Liberal Party platform within their company. They also mention the word climate
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36 times, and greenhouse gases, or GHGs, 49 times. Bell isn't really a company, you see.
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They're an oligarchy. They're connected to the government. They're protected by government
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monopoly rules. They keep out foreign competitors. They're fat and rich and lazy and uncompetitive,
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the worst in the world for cell phone pricing. Did you know that you, as a Canadian, have the worst
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cell phone plan in the world? But boy, is Bell Canada good at woke politics? Not so good at running
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a cell phone company. I read through the report. I saw six mentions of Bill C-11 in their annual report
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too. That's Trudeau's plan to censor the internet. Bell loves it because it'll keep out their competition.
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I already mentioned C-18. That's Trudeau's plan to tax Facebook and Google. That got five mentions.
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BCE loves that too because they think they're going to get the dough. Bell Canada is as atrocious in real
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life as they are when you try and deal with their cell phone customer service or table bill customer
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service. They're the worst. And I'll bet you $52 billion that Trudeau is going to give them more
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Shocking news, but not surprising. Two members of the U.S. Navy, one with very high security clearance,
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have been charged with espionage. They're allegedly spying for the People's Republic of China.
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China. Joining us now to talk about this story is our friend Gordon Chang, who is an expert in
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China-American relations. You can follow him on Twitter at Gordon G. Chang. Gordon, this is an
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interesting story. What facts do we know? And of course, these are just allegations not yet proven
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in court, but they sound like pretty serious allegations. Yeah. The Justice Department wouldn't
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bring charges unless it had the goods on these guys. And, you know, there are two sailors. One of them
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gave information about the plans of ships. The other one was, I think, even more concerning
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because he gave plans on radar in Okinawa, which is going to be a place of great consequence. If there's
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a war, that war will be fought in the first hours in Okinawa. And so what this is is something of vital
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interest to China. Now, of course, these are just allegations, but it appears, as in prior cases,
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One of the things that's interesting, and I was reading some of the coverage in ABC News,
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was that these spies were allegedly paid a sum of money, in one case $5,000, in another case about
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$15,000. What struck me was how small those amounts of money are. I mean, I suppose that's
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not really the point, but I mean, the secrets and the technology and the information took millions or
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billions to create, I suppose. And the fact that that could be stolen through industrial and military
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sabotage for, you know, a rounding error, that was astonishing. I suppose there was some ideological
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or national motivation, too. I mean, I guess it's not just the cash, I suppose. What do you think?
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Yeah, I don't think cash is a motivating factor in most of these cases. Got to remember that these are
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two ethnic Chinese. And what's going on here is that Beijing, I'm sure, told them, look, if you
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don't cooperate, we are going to make life very difficult for your relatives still back in China.
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Or they made the nationalist pitch. So money, I don't think really was a major factor. And you're
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right, it's not a large amount in either case. But I don't think that, you know, I think Beijing was
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You know, that's a fascinating way to look at it. And, and of course, there's no good
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explanation. There's no good excuse for this. But if someone was being blackmailed, if someone's
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family was being threatened back home, I suppose that that that's a different motivation than if
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they were willing, you know, underminers of the United States. We know, for example, that freedom
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oriented activists in North America, whether they're Falun Gong or Hong Kong activists or Tibetan
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or whatever, their relatives back home are threatened. So I suppose really, until we start
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to reduce the reach of China into society in the UK, Canada, United States, Australia, that
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problem is not going to go away, especially with more and more immigration. I imagine a lot
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of these folks just want to join American or Canadian life. But it's the Chinese Communist
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Party that pull them into these intrigues. Yes. Well, communist China is forcing Chinese
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Americans and others to choose, you know, are they loyal to China? Or are they loyal to the United
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States? And other Americans have a right to know. This is not racist. We know that China's campaign
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against Chinese Americans is comprehensive, it's coercive. And as we see here, it looks very successful.
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So what we're going to have to do as a society is a couple things. One of them is we're going to have
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to have this national conversation about the loyalty of Chinese Americans. As much as we don't want to
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do that, we're going to absolutely have to do that because it's an issue of national survival. And the
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other thing is we're going to have to eliminate the reach of the Communist Party in the United States
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and elsewhere by removing CCP agents, which means closing their consulates, closing their state
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banks, their state enterprises, Confucius Institutes, Confucius classrooms, you name it,
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we have to eliminate their presence from the United States.
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You know, it's funny, you mentioned the Confucius Institute, which, of course, is a
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Chinese Communist Party directed influence operation, often on university campuses,
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influence, but also surveillance. In Canada, as I know you know, Gordon, there's recently come
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a lot of revelations about the Chinese government's influence in the Liberal Party all the way up to
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the Prime Minister and his brother. And it was astonishing to me, and to many other Canadians,
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that Canada's Prime Minister appointed what he called a special rapporteur to get to the bottom of it.
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But that man he appointed, David Johnston, was a backer of the Confucius Institute, was deeply enmeshed
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with Xi Jinping and his family, sent his own family, like his, he was the president of a university in
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an earlier career. He could have sent his kids to any university in the world. He sent them to Chinese
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universities, not necessarily for the education, but for the connections. He chose basically the Confucius
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Institute's key connection in Canada to investigate Chinese influence. It was really quite incredible.
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That just came to mind when you mentioned the Confucius Institute.
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Yes. And the thing that is extremely distressing about Justin Trudeau is that he has been fighting
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people who have been trying to expose the Communist Party's influence in national elections. And he's
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still making a big struggle out of this. So that really says something that China actually has bought
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the Prime Minister of Canada. It's a tough thing to say, but the point is, you know, Justin Trudeau's
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actions are extremely disturbing. You know, there's more reports all the time, including that China has
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sort of infiltrated the Chinese language media within Canada. And that's obviously true. A lot of Chinese
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Canadians use social media apps from mainland China. One of the things that we've heard in Canada
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is that people who feel the most victimized are the Chinese diaspora in Canada who are being ignored
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by Trudeau, who are being victimized. I think one of the ways to fight back is to platform these people.
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What I mean by that is give them a chance to say, that's not us, help us resist it. Because
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frankly, if it's white folks saying China is a threat, I don't think it packs the same punch as
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if a Chinese Canadian or Chinese American says it. Because frankly, the embassies up here,
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they play the message track, oh, you're just being racist. And they're tapping into that liberal
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instinct not to be racist. Yeah. And China's diplomats reinforce that message. So for instance,
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the former Chinese ambassador to Canada, Lu Xiaoyi is a bad actor. And he was specifically trying to
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race bait. He was trying to divide Canadians based on their race. And I mean, if I were the prime
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minister of Canada, I would have expelled him and other diplomats immediately. This is just unacceptable.
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And unfortunately, you know, China tries this stuff like police stations and all the rest,
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because it gets away with it. And there now has to be zero tolerance for the violation of
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Canadian or American sovereignty by China. You know, one of the things I'm proud of in the
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last month or so, Rebel News has brought aboard a China affairs reporter who looks deeply into these
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Chinese language apps, where a lot of this discussion is happening. It's not happening
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in the pages of the Globe and Mail. It's not happening in the English language at all.
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That's where the battle is being fought in the WeChat apps and places like that. Hey,
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let me ask you something. You mentioned twice about the consulates and really starting to push back.
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You know, I think it's been a diplomatic tradition for a long time to have sort of a tit for tat.
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During the Cold War, if America would expel some Soviets, the USSR would expel some American diplomats.
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Just out of parity, it seemed like that was a diplomatic norm. And so if the United States or
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Canada started to shut down consulates over here, I would imagine that China, I'm just guessing,
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would do the same to our diplomatic efforts over there. And I suppose that's just something that
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has to be managed and planned is a decoupling. Is the answer to remove our diplomats almost first
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so that China can't hold that over us? What do you think?
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China is an extremely dangerous place right now for foreigners. Xi Jinping is stirring up xenophobia,
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and we know where this leads, because we've seen this many times in Chinese history. So as a defensive
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measure, I think that foreign countries should be closing their diplomatic compounds out of protection
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of their diplomats and their dependents. Also, for various reasons, and this gets complex, but
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Americans and others should not be doing business in China. And so therefore, if we don't extend
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diplomatic protection to them, then they'll leave. That'll be an additional incentive for them to go.
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So actually, I don't care if China engages in tit for tat moves of closing our consulates. Remember,
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we closed the Houston consulate of China. China closed one of our consulates. And a lot of people
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were upset about that, but I thought that was a good thing. I think we should be closing China's
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remaining four consulates in the US, and let them close our four consulates. Let them close our embassy.
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Because for various reasons, it is just wrong, not only strategically, but morally to be doing
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business in a genocidal state, the state that is using the proceeds of investment and trade
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to build its military, which is configured to kill Americans. Now, in Canada, public opinion has really
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swung against the Communist Party of China. I think public opinion is very friendly towards Chinese
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Canadians. I think the Chinese Canadian community is large and peaceful and prosperous. And I mean,
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listen, I'm not Chinese, so I don't know if there's anti-Chinese bigotry, but I don't sense it
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widely. I think there's a lot of warm feelings towards Chinese immigrants who, by the way,
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have been in this country for more than this century, helped build our national railway, which was really
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one of the key infrastructures of our country. So I think Canadians are able to distinguish between
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Chinese Canadians and the malign influence of the CCP. In Canadian polls, the antipathy towards
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China, I think, is higher than almost anywhere else in the world. The only place I've seen that has
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more distrust of China is Sweden, for some reason. I haven't looked at the polls in the last month or
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so. But I think the grassroots Canadians are way ahead of the political leadership. Can I ask what
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it's like in the US? I know you're based there and you follow things very carefully. Is the American
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people as skeptical of the CCP as Canadians have become? Americans have become increasingly skeptical
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of China's communist regime. And part of it is because of the COVID crisis. Because there's a feeling
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that China was grossly irresponsible with regard to COVID. I actually think that they deliberately
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spread it beyond their borders, because they lied about transmissibility and other things. But the
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point is, COVID did change America's views on China. And those changes, I think, are not going to be
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reversed in a very long time, at least as long as the Communist Party is ruling China. Now, among the elites
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in the United States, we still have the Henry Kissinger's of New York, and we got Goldman Sachs and Walmart and
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all the rest of it. But nonetheless, even among the elites, there's a change. And part of it is because
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China has been attacking foreign business. People don't want to go to China. It is having an effect on
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even elite opinion. And I suppose that spy balloon, that was such a startling, slow motion,
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educational moment. And I think a lot of, I mean, remember, it came through Canada first.
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And I think a lot of people said, why is no one taking action? It was, it was in real time,
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the frustration, I felt it in Canada, it must have been intense in America. And I think people started
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to say, is our military, is our political leadership in some way compromised? How could that be allowed?
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How did the balloon, the spy balloon factor, is it a large factor? Do people think about that still,
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or have they forgotten about it? No, I think, I think it's in the back of people's minds. They
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haven't forgotten about it. By the way, it entered North American aerospace in Alaska.
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Right, right. It was Alaska then, you're right.
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And then it transversed Western Canada and then entered the lower 48 states. But to your point,
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which is a critical one, there is reporting in the United States that this, first of all,
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the balloon entered territorial US airspace on January 28th. It was not until the fourth day of
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the incursion into North America did the Pentagon notify President Biden. That, to me, is inexplicable.
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And it shows a failure of the senior leadership of the American military. Now, I believe that that
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reporting is credible. You know, I have no way to substantiate it. But the point is that there was a
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failure of the American NORAD, and as well as the Defense Secretary, as well as the Chairman of the Joint
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Chiefs of Staff. And now, that's not to excuse Biden, because Biden made mistakes as well, which
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were grievous. But the point is that there is a real problems in the Pentagon.
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Yeah, you're so right. You know, I think of NORAD, I think of the old Soviet threat,
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flying the bombers over the Arctic. It's unusual to think of NORAD as being on watch for Chinese
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balloons. But it's absolutely true. And if I recall, it was only when people on the ground in those
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Pacific Northwestern states started observing with their own eyes that the US authorities acknowledged
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it. So even though the president had been informed, it wasn't really made public until
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ordinary Americans spotted it with their plain sight.
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Yeah, it was a guy in Montana, who brought it to the local newspaper. And then, you know,
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the Biden administration was obviously trying to cover this up. And, you know, and then Biden called
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it, quote, this silly balloon. Really, what it was is, and this is, you know,
00:26:33.280
it's surveyed our nuclear weapons sites. It's trying to apparently, people believe trying to
00:26:38.240
figure out if they could disrupt command and control. But the most frightening thing about
00:26:42.640
this really is it showed China's utter disrespect for the United States, which means that there's
00:26:48.880
been a breakdown in deterrence, which means when you look at in the context of other things,
00:26:57.360
You are so right about that. I mean, that is such a provocative move, unthinkable under
00:27:02.800
Donald Trump, I would say. Well, Gordon, it's great to catch up with you. I really appreciate
00:27:07.680
your insight. And folks, when Gordon is on the show, we learn so much. And I encourage you to
00:27:12.400
follow him on Twitter. Follow him at Gordon G. Chang. I guess it's now called X platform,
00:27:19.120
but I still know it as Twitter. Thanks, my friend. Always a pleasure to talk with you.
00:27:25.760
That's right. That's right. Well, you're still a must follow for me at Gordon G. Chang.
00:27:30.560
Take care, my friend. Stay with us. More ahead.
00:27:42.320
Hey, welcome back. Your letters to me. Snurp says,
00:27:46.080
nailed it. They're simply cowards hiding behind a mask and numbers. Let's hope these cowards get what
00:27:50.640
they deserve. You're talking about my visit to Portland, Oregon. I was only there for not even one
00:27:55.680
day, but I was so glad I went, first of all, to see Andy Ngo and give him some personal moral
00:28:01.040
support. I gave him a handshake and a hug. He's such a good guy. They really, I don't know,
00:28:06.480
to have the courage to sue bullies when they beat you up. Most people wouldn't have that courage.
00:28:10.880
They would just go away. I am very proud of him, and he's an independent journalist,
00:28:15.600
and I was really glad to be there, by the way. Alaska 3300 says, when they came to Alaska during
00:28:22.080
the riots, Alaskans and business owners stood outside their businesses with guns and told them,
00:28:26.960
you won't be breaking windows here, boys. They ran away like whipped pups. Portland allows these
00:28:32.560
punks to do whatever they want. You know, I was thinking about exactly that when I saw that terrible
00:28:36.640
closed circuit TV footage of Andy Ngo, who's not a big guy, being chased down the streets by four,
00:28:43.360
and then eight, and then ten men. They are bullies and thugs who hide their faces. They're cowards.
00:28:50.640
The only way for one smallish guy to fight against ten thugs, if the police are not there,
00:28:58.320
and the police make a point of not being there, is if you have the right to bear arms to save your
00:29:02.640
life. That's the moral of your story from Alaska. Joseph PK4878 says, the only way to deal with these
00:29:09.440
hapless thugs who could only win a fight with a hundred of them in a group on their own,
00:29:12.640
their mosquitoes, is to unmask them on site. Get those face masks off and let them be dealt with
00:29:17.440
in the open. Seriously, start tearing off masks. You're exactly right. And that's why I hated the
00:29:23.120
masking of COVID. It's one of many reasons I hated it, is it allowed people to do nefarious things
00:29:28.960
and sort of get away with it, like to go into a bank or a jewelry store with a mask on. You would
00:29:33.680
never be allowed to do that before, but COVID made that okay. What's our show for today? Until
00:29:40.560
Monday, on behalf of all of us here at Rebel World Headquarters, to you at home,
00:29:59.040
Godfather, who is a part of my house with a heavens, is that we will protect them,
00:30:00.160
and be very close to the pastor that is России.
00:30:02.320
In the meantime, weelet, on behalf of all of us here at that meeting.
00:30:06.160
We are hearing которую, if you are with a ballad, we are with confidence,