metronet

ho ho ho ho ha ha ha ho ho ho ho ho ha ha hah ha bwahaa ha ha ho ho.
dabbing tears away.
metronet is in administration. there is justice in the world. let us give ken livingstone three hearty cheers for not bailing metronet out by pouring public money into a private company.
metronet was one of the many public private partnerships (ppp) that were to prove that the market is the best way to solve all problems. except that the ppps are just a way for private companies to guarantee profit without the risk. how so? because they know that the state would always underwrite the project and step in to make sure it is carried out.
that is until ken livingstone said: no!

we shall not miss metronet.
i am still laughing.
i still hate ppps, lets hope that metronet is a vision of the shape of things to come.