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Hard Lessons from Genoa
- Putting infrastructure in private hands has made it more difficult to plan for the very long term – a half-century and longer – and to assume the risks intrinsic to large projects, writes @PaolaSubacchi
'Private investors’ shorter time horizon relative to the public sector has given rise to the "curse of good enough," with incentives skewed toward maintaining rather than replacing and upgrading infrastructure.'https://www.project-syndicate.org/commentary/morandi-bridge-collapse-reflects-distorted-incentives-by-paola-subacchi-2018-08 …
Arguable. 3.5m people in England get water supplied by private companies who have been around for more than 100 years. What's needed is effective regulation.
Sure, but also investment. Having been around for more than a century doesn't mean much if the approach to investing is short-term. And we all know the problems with water supply in some parts of England!
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