How can anyone fail to see through PFI?

[ciphergoth]

How can anyone think using private money to build hospitals and schools is a good idea? As far as I can see the reasons not to are screamingly obvious and pretty irrefutable - am i missing something?

If it's private, it's an investment. If it's an investment, they'll give money now in return for more money later. If they want more money later, it'll have to come from the taxpayer. Ergo, the total cost to the taxpayer in the long term is greater with PFI.

Is this not the bleeding obvious?

Comments

[ex-meta.livejournal.com]

Part of the theory is that secretive private corporations can do things much more efficiently than public-owned organizations that are under public scrutiny. Of course, the people who claim that don't usually express it that way. Plus, I can only assume that they're either lying, or they've never worked for a large corporation...