Why is it that every Crown corporation seems to lose money? We all know the answer, but too few are willing to say it aloud: political management rarely works. When governments run businesses, accountability fades — and efficiency follows it out the door.

Manitoba Public Insurance (MPI) just reported a $19.7-million loss for the last fiscal year, even as it asks the Public Utilities Board for another 2.07% rate increase. It’s a smaller loss than last year’s $129.5 million, but that’s like celebrating a slow leak instead of a burst pipe. Either way, Manitobans are still paying the price.

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MPI’s annual report blames rising claim costs, global tariffs, inflation, and “shifting political dynamics.” These explanations sound familiar because they’re used every year. What we

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