A&O, Freshfields join US firms in push on P3

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  • Why would they follow in our footsteps?

    The PPP culture in Britain (and probably elsewhere) has been a silent disaster, leaving our children saddled with huge debts for infrastructure and buildings that will already be in need of repair or replacement by the time that they come to use them. Why would America want to follow us down that route?

    PPP has left the country massively in debt despite the strong economy seen throughout New Labour's years in power. Its only benefit is to government, allowing politicians to take credit for building schools and hospitals without actually paying for them.

    Oh, I've just answered my earlier question.

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  • Is there another option?

    PPPs are just a way of paying for infrastructure that governments do not have the money to pay for. Just like buying a house with a mortgage.

    We have now seen that this so called "strong" economy during the last 10 years was just a big bubble. PPPs will increasingly be seen as the only possible way ahead. The alternative? Re-build the infrastructure by incurring massive state debt - as Barak Obama is doing - and then in 10 years general taxation doubles to pay for this debt. Is this any different?

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