On the basis of my experiences in the Civil Service prior to ordination, I am fully with Aditya Chakrabortty who writes in today's Guardian "that the myth of greater private-sector efficiency in doing public works is just that: a myth":
"There is one problem. Time after time, these public-private partnerships (PPPs) have turned out to be a great deal for the companies, but a terrible bargain for the taxpayer. And on occasion, as with what happened on London's tube network just four years back, they can lead to outright collapse of the services involved.
How could it be anything but a bad deal for the British taxpayer? The private sector can't raise money more cheaply or easily than the government. According to an FT analysis done towards the end of last year, paying for PPPs with private-sector cash costs taxpayers well over £20bn extra. The public sector calculated this as "the equivalent of more than 40 sizeable new hospitals".
Or is there some magic private-sector dust that means whatever company executives do is just far more efficient than those Soviet realists in public service? Not a bit of it. The typical PPP experience is of a multiplication of middlemen and transactions designed to benefit the private sector."
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Quantic - Ticket To Know Where feat. Ohmega Watts
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