Sunday, August 30, 2009
risk concentrated on taxpayer while reward concentrated in the hands of ‘private’ consortia
"UK & US styled capitalism. Definition: ‘Private sector’ gets all the taxpayer funded rewards, ‘public sector’ gets the risks. absolutely zero of the risks of building these projects got transferred to the private sector as Gordon Brown had claimed. And, in fact, the risk has been concentrated on the taxpayer while the reward has been concentrated in the hands of the ‘private’ consortia running the PFI deals.
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