report shows the report after the myth of a more efficient private sector to perform public works, is just that: a myth
Einstein defined insanity as "doing the same thing over and over again and expecting different results." In this case, through his speech yesterday on reforming roads of Great Britain and airports, David Cameron, is crazy.
not usually make it personal, or rude. But if the Prime Minister really, really you can do what his predecessors did in the past two decades and not exactly the same unfortunate position as the police did, then he is crazy. Gaga. A Pret sandwiches short of a picnic complete.
Peel the novelty of a speech by the Prime Minister dedicated to, um, asphalt and that the Conservative leader has proposed is more or less what we have heard time and again, of Thatcher. Each British minister in recent memory has become corporate and private investors to build and operate hospitals, schools and tubes. Cameron now wants to take control of our highways and roads, too.
There are some important details of iron in the first place and to keep up appearances, a feasibility study, but given the effort, time and information already in this policy, we can safely assume that will happen in a year or two, unless Jeremy Clarkson anger becomes self-immolation.
and potholes in this country are just the beginning. Cameron spoke yesterday of the need to improve everything from high-speed rail network, while the National Infrastructure Plan launched during last fall's mini-budget identified over 500 projects that need a urgent attention. Given the coalition is very hard cuts in capital expenditures, the implication is clear: Cameron wants the private sector responsible for most of these improvements, as
There is a problem. Again and again, these public-private partnerships (PPPs) have proved big business for companies, but a terrible deal for the taxpayer. And sometimes, as with what happened in the London Underground, four years ago, which can lead to total collapse of services.
- How could it be anything other than a bad deal for the British taxpayer? The private sector can not raise money cheaper or easier for the government. FT according to an analysis by the end of last year, the payment of money with PPP private sector costs taxpayers more than 20 pounds of extra dollars. The public sector has calculated that "the equivalent of more than 40 new major hospitals."
- Or is there some magic dust that the private sector means that managers of the company is not only much more efficient than the utility Soviet realistic? Not at all. The typical experience of PPP is a proliferation of intermediaries and operations to the private sector.
It is not just roads. Report after report - if parliamentary committees and the IMF - shows that the myth of the efficiency of the private sector to perform public works, that's it. A myth
I was a true believer to bring in the private sector, I'd say the best approach would be to open the market to competition in manufacturing. I draw your attention to what happened with telecommunications, after BT was privatized. But this is not what Cameron is talking about. His lieutenants have raised the possibility that whoever takes over the roads of rent could get 100 years - it was only the transfer of public property to a private oligarch
Ah, but look to the water industry, the Prime Minister said yesterday. Yes, look. According to David Hall, an expert in this field at the University of Greenwich, turning the water supply in private hands cost almost a billion pounds a year extra. It follows that in the public sector is estimated to be approximately 12% reduction on the average household bill.
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