Are very often dodgy. Oddly only a few ‘economic rationalists’ have been willing to blow the whistle on them. Doing some research on our state governments’ peculiar penchant for pecuniary populism – their focus on government net debt rather than government net worth, I came across this speech by Peter Fitzgerald to the Fabian Society.
Peter is a member of the ALP and a consultant who could make a lot more money supporting the spivs who spruik PPPs. But when given a Government job to review them, he came to the conclusion that they were a dud. So in addition to turning his back on the money he might otherwise make championing PPPs he didn’t endear himself to the more powerful members of his party. Peter is, in my estimation, a good guy.
In any event, it’s a lively introduction to and education in the subject for the uninitiated. And sadly PPPs seem to be spreading.