Public/Private Partnerships

In public-private partnerships private partners manipulate public partners into doing the heavy lifting so that private partners can pick up the profits.* Public-private partnerships are fundamentally flawed because of conflicts of interest. Government (public) is meant to serve the people, and business (private) is meant to serve shareholders. There is an inherent conflict in such arrangements which corrupts any government or educational institute which the business entity touches. Compare public-private partnerships (also knownd as: PPP, P3, or P³) to slavery. Slaves did the work and slave owners collected the profit from their work.

From John Kenneth Galbraith’s, The Economics of Innocent Fraud – Truth for our Time, published in 2004:

… As the corporate interest moves to power in what was the public sector, it serves, predictably, the corporate interest. That is its purpose. …One obvious result has been well-justified doubt as to the quality of much present regulatory effort. There is no question but that corporate influence extends to the regulators. … Needed is independent, honest, professionally competent regulation … This last must be recognized and countered. There is no alternative to effective supervision. …

*This opinion refers to public/private partnerships at the provincial level.


also: public/private private-public private/public conflict of interest public private public