Tuesday, 3 November 2009

Privatisation During an Economic Downturn: Still Inefficient and Problematic‏

The Washington DC based Center on Budget and Policy Priorities (CBPP) estimates that in 2010 and 2011, states in the USA will face a combined budget deficit of $350 billion.

As in the UK, this is leading to relentless pressure to privatise public assets and services.

An excellent analysis by the Progressive States Network demonstrates the folly of this approach by outlining numerous examples of failed privatisation projects in the USA:
http://progressivestates.org/node/23862