William Mitchell, Professor in Economics and Director of the Centre of Full Employment and Equity, University of Newcastle, NSW, Australia http://bilbo.economicoutlook.net/blog/?p=29872 "Privatisation, franchising, outsourcing, PPPs, PFIs, and all the rest of the devious transfers of public wealth and funds to the private sector have systematically failed to deliver on the promises made by the consultants. The stockbroking and legal companies and economists who advised governments in these public robberies have all done very well. Many private firms have done very well – enjoying the best of both worlds – a captive infrastructure, ability to gouge consumers via excessive fares, no real need to keep the quality of service up to acceptable standards, and increasing public subsidies." https://www.youtube.com/watch?v=RSP-oZy_R4Y&feature=youtu.be