I stopped this idea of paying for an hour.
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If you have visited bars once in your life, you’ve had one of these moments… You know. That moment when someone brags at the bar drinking another gyn about a deal they “closed”? They talk and talk. And you just know they didn’t read the contract. Yeah. This is that story—except with trains. Let’s go to Sydney Airport Rail Link, late 1990s. The private consortium thought they had cracked the code: Four stations. Direct airport access. Passengers in the tens of thousands. “We’ll be printing...
On a corner. Waiting to cross the Street. I see one of those big LED billboards full of ads. First ad. Store Brand, package of 1 kg macaroni. Save $0.79. Next ad: A new perfume by DIOR. Then, people wonder why they don’t sell or why some think that marketing is a waste of money. With marketers like the ones deciding to put their ads on those billboards you don’t need competition or the next crisis to justify failure. Come on! And you know what? With PPPs is exactly the same. Yeah. Public...
One of the myths I hear all the time: “Why let the private sector finance if public debt is cheaper?” Sounds smart. But it’s wrong. First—there are PPPs that financed themselves cheaper than governments. Think Canada, Australia, UK deals during times of tight public budgets, when private sponsors locked better terms because of their structure, guarantees, or sheer market confidence. Think of some less developed countries where lenders prefer dealing with private sponsors than unexperienced...