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Highlights
id806969871
Labour has announced a new National Wealth Fund to drive infrastructural investment. Yet the main source of investment will be the private sector. Instead of building nationalized infrastructure, the fund aims to attract £3 of private investment for every £1 of public money, with public funds de-risking the private investment. The economist Daniela Gabor has likened this approach to getting investment giant Blackrock to rebuild Britain, privatizing “housing, education, health, nature and green energy — with our taxpayer money as sweetener.”
✏️ What it looks like when you try to privatize everything.
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