4 ms·
PPP are a huge scam. It’s basically a buzzword used for transferring public property into private hands. Most of the time PPP projects are ripe with corruption
by richardknop 8y ago
PPP are a huge scam. It’s basically a buzzword used for transferring public property into private hands. Most of the time PPP projects are ripe with corruption and end up in scandals and controversy. Typical examples are highways in Europe built with this model. Often the work is poorly done, the government spends more money than initially thought because it ends up costing 5x more usually and at the end of it all private corporation ends up extracting money from people via tolls and only doing the most minimal maintenance they can get away with.
- heyjudy 8y agoCannibalistic theft in a business suit. It's always sold as cheaper and then charges citizens as much as possible later because the state-subsidized monopoly is a business first, not a service.