Public-Private Partnerships: The Epitome of Greed

Charlie Pierce:

Handing what we used to call The Commons over to private enterprises -- especially private enterprises operating in the ethical wasteland of modern American corporations -- doesn't work. It is an invitation for the wolverines who run such enterprises to steal as much of the public treasury as they can and then stick us with the bill when they inevitably fail, because these corporations are not about building things. They're about abetting the transfer of money upwards, to a stockholder class. They are vehicles for the financial services industry.