Re: Re: LUAS Extension Given Go Ahead to Citywest under PPP
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PPP is a licence for fat capitalists to print money (to compensate for all they’ve filched away in ‘bonuses’ and dodgy sub-prime deals) at the public expense; local and state governments can borrow money more cheaply than the private sector, but it shows up on the ‘public service borrowing’ line – considered in our voodoo economics to be a bad thing. So, by allowing the private sector to built it (‘The real cost? Just you leave that to us, sir’), local government effectively mortgages infrastructure to the private sector, whose only interest is money, money, money…(and interest of course).