Look at what I learned today from the great Isra Bravo. ​ Imagine you are born today. Yes… today. ​ Imagine now that your parents want to torture you. And they decide to make you watch all the videos uploaded to YouTube today. Just the day of your birth… As a welcoming gift to you to introduce you to the world you’re going to live on. ​ I repeat. ​ Not a single more. ​ Well… ​ Do you know when you would finish watching them? ​ ​ Hundreds of thousands of hours of content are uploaded every single day—just on YouTube. ​ That being said, do you still think that bulk information is worth anything today? ​ ​ Better get comfortable—because it’s going to take a while. ​ What’s truly valuable comes down to two things:
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Yesterday I told you about a KPI regime that seemed a horror story. Today, I bring you another that kills. Kills contract, I mean. I often tell people that vertical PPPs are not my cup of tea. Hospitals… I run away. Too complicated. Too political. Too high stakes. Take the wave of hospital PPPs in the UK during the 2000s. On paper, they looked brilliant: new facilities, modern equipment, long-term maintenance secured. But still… the KPI regime was written by bureaucrats with too much coffee...
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Humiliation can come in many ways. But probably, one of the most humiliating failures a government can suffer in a PPP is the silence. This happened in a mid-sized developed country of the Commonwealth just a few years ago. The government wanted a flagship social infrastructure project: a cluster of new courthouses and justice facilities, spread across regional cities. They framed it as transformational. A “once in a generation” opportunity. Ministers on stage, cameras rolling, the usual...