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by yoelo
1911 days ago
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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. |
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