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by yoelo 1911 days ago
Corruption and inefficiency of this kind is a relatively new phenomenon, stemming from a regime of letting private contractors run the whole show. A fun fact is that Stockholm has one of the most expensive buildings in the world: Nya Karolinska, which has cost (converted from Swedish currency) around 2 billion dollars. The reason behind this is that construction was run as a public-private partnership. Meaning you shove loads of cash into private hands while you get none of the benefit.
2 comments

The whole thing just reeked. Boston Consulting Group had junior consultants billing 200 hours a month but couldn’t produce documentation of what the actually did
All money spent by government goes into private hands. There are no "public hands"