Yerda
Veteran Member
In the UK we have something called the Privare Finance Initiative (PFI - renamed Private Public Partnership). What happens is the government make available to private companies (often consortiums) contracts for normally public projects - like building schools, building and running hospitals, building and maintaining roads, and so on and the public leases them back over fairly long terms (25-30 years etc). I have no knowledge of the schools except that they cost far higher than comparable publicly built schools. The hospitals have been worse in almost every measure. The level of care, the value for money, cleanliness etc. Most shockingly a bridge built from the Scottish mainland to an isle cost the taxpayers almost 100 million pounds.name one area in which both the private sector and the government are allowed, and usually the private sector wins hands down. Both for quality and price.
The reality of public vs private enterprise almost always turns out to be in complete contradiction to the textbook claims of private efficiency and value.
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