>Because when providers compete, quality goes up and costs go down. Public Private Partnerships are not creating competition and that was never their intention

>Because when providers compete, quality goes up and costs go down. Public Private Partnerships are not creating competition and that was never their intention. The legal set up of such agreements is set up, in fact, in order to purposely exclude competition. In the NHS it tends to both drive up costs and filter out money to companies run by the friends of politicians. It's simple parasitism. In general, if there isn't a chance to leech off a monopoly of some kind there is no political impetus to actually privatize. The railway system in the UK wasn't privatized in order to create competition. That was patently impossible. It was privatized precisely because it was so well insulated from competition. >Well, as Hayek argued, everyone setting their own prices is a far superior system than central planning to set the price of a toll. Hayek made the same typical tired old assumptions that never hold - perfect competition, perfect information, etc.