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PPPs originated as an accounting trick, a way round the government´s own constraints on public borrowing.

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PPPs originated as an accounting trick, a way round the government´s own constraints on public borrowing. This remains the overwhelming attraction for governments and international institutions. Just as companies like Enron had tried to conceal their true liabilities by moving them ´off-balance-sheet´, so governments started using PPPs as "tricks.... whereby public accounts imitate the creative accounting of some companies in the past."
(David Hall, Why Public-Private Partnerships Don´t Work)

+ PRIVATE + PUBLIC + PARTNERSHIPS + APPENDIX http://ge.tt/13MslHo2

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Moore, Bob
LET ME SHARE MY BIOGRAPHY WITH YOU IN TERMS OF A ´DIALOGUE IN THE DARK´: "IT´S DARK IN HERE. YES, IT TRULY IS. DO YOU LIKE IT? NOT ALWAYS. HOW ABOUT IT NOW? I´M COMFORTABLE. WHY? WELL, I´M IN COMPANY. WOULD YOU MIND CLARIFYING THAT? HMH, ALL ALONE I´M AFRAID OF DARKNESS. HOW COME WE´RE SITTING IN THE DARK? SEEMINGLY, THERE´S NO NEED TO FEAR IT. HOW COME WE HAVEN´T LEFT ALREADY? I´M AFRAID, I CAN´T TELL. ME NEITHER. BY THE WAY, OUTSIDE IT SEEMS TO BE AS DARK AS INSIDE. WHY DON´T WE FIND OUT? SURE, COULD YOU SHOW ME THE WAY? OF COURSE - BUT IT´S DARK. YES, I CAN´T SEE THE DOOR, BUT I KNOW WHERE IT IS. SURE, I KNOW WHERE I CAME FROM TOO. ME TOO, OK, LET´S GO. (OUTSIDE) IT WAS NICE TALKING TO YOU. MY PLEASURE, SEE YOU IN THE DAYLIGHT. SEE YOU IN THE DAYLIGHT."

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