Tuesday 8 March 2011

Public Interest Private Profit

Last night, Monday 7th March, Channel 4 hosted a debate on the issue of selling off national assets of one sort or another to raise monies to allow the government to stagger on regardless.

How much it informed people or got to grips with real issues and the complexity of most of the proposals is open to debate.

We have already been discovering in the last few years how PFI schemes in the public sector can result in hugely increased bills in the future.

In the private sector the take over binge encouraged by the government on the basis of insane leverages and the creation of huge finance based entities has inflicted substantial extra costs on many of us for worsening services.

If you do want to see a more thorough account of all this you will be hard pressed to find it in the UK media amongst all the flannel and fluster of their usual output.

For those with an interest in history some of the financial arrangements have the effect of creating mini and localised monopolies akin to those of the past with all the consequences they bring for the services being provided and the pricing.

This article below, although referring to the US experience, gives the bigger picture in a readable form:


As the title says, if it sounds too good to be true then it will be too good to be true.

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