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Dexter Whitfield // Global Auction of Public Assets
Monday Feb 22, 7PM @ Red Emma's
Public infrastructure in the 21st century is confronted with new challenges; adapting to climate change, meeting the economic, energy, water, transportation and social infrastructure needs of megacities in Asia, megaregions in North America, European city regions and older industrial areas.
Public Private Partnerships (PPPs) and the global infrastructure market, financed by investment and pension funds, are fuelling a new era of public asset sales. This first critical global analysis of PPPs examines projects in the UK, France, Ireland, Germany, US, Canada, Russia, Australia, China, India, Brazil and South Africa. Over $500 billion of PPP projects have failed, most have little or no democratic control or transparency. They are costly, poor value and lack innovation. Ultimately, they are entirely publicly financed by government and/or user charges.
Global Auction of Public Assets proposes a new strategy for public investment. It sets out new priorities, radical changes in global financial markets, abandonment of PPPs and neo-liberal ideology, new controls on existing PPPs and public management renewal. This is a definitive analysis and an invaluable resource for all those concerned about the future of the public doman.
Dexter Whitfield is Director of Euroopean Services Strategy Unit and Adjunct Associate Professor, Australian Institute for Social Research, University of Adelaide. He has a unique, extensive track record of research, policy analysis and strategic advice to public bodies, trade unions and community organizations.
www.european-services-strategy.org.uk
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