First posted Friday, 8 February 2013 at Socialist Economic bulletin
Bribing the private sector to invest isn’t working
By Michael Burke
The government’s flagship scheme for promoting investment in infrastructure has been branded a failure. A report in The Times [i] quotes speakers for both the Engineering Employers Federation and the Confederation of British Industry as saying that the scheme is ‘disappointing’ and ‘more needs to be done’.In July 2012, the government announced the scheme, saying that it would use its balance sheet to support infrastructure investment as the means to revive the economy.
all private comps. are interested is profits for shareholders mainly those at the top,look at the public money going to private rail,water,gas,electric companies?and if they fail the taxpayer picks up the bill ie banks,more publicly accountably companies needed,keep the private ones out of care&nhs rember there motto profit before ppl