+ PRIVATE + PUBLIC + PARTNERSHIPS + PUBLIC – PRIVATE – POPCORN + PECKSNIFFIAN POLITICAL PROJECTS

PPPs originated as an accounting trick, a way round the government’s own constraints on public borrowing. This remains the overwhelming attraction for governments and international institutions. Just as companies like Enron had tried to conceal their true liabilities by moving them ‘off-balance-sheet’, so governments started using PPPs as “tricks…. whereby public accounts imitate the creative accounting of some companies in the past.” (David Hall, Why Public-Private Partnerships Don’t Work) + PRIVATE + PUBLIC + PARTNERSHIPS + APPENDIX http://ge. tt/13MslHo2