Monday, 16 December 2019

Governments are increasingly using Social Impact Bonds as a method to finance what are broadly called social services. With social impact bonds governments repay investors only if the programs improve social outcomes, for example, lower unemployment or prison recidivism. The approach has been tried in Justice and corrections, skills training, public health, child welfare, services for seniors, early childhood development, education, homelessness, supports for people with physical disabilities, and mental health to name a few. But really it’s just another flavour of privatization, writes Danny Cavanagh.

Part 1 of educator Molly Hurd’s post on charter schools ended with the question “Why are AIMS and its relatives still promoting charter schools in Canada?” Part 2 answers that question, as Hurd’ looks at the US and other parts of Canada to show that there is serious money to be made in the charter school business. But public money is diverted, teachers roles are minimized, and students pay a hefty price.

NSGEU news release on this morning’s announcement that QEII redevelopment, which include the eventual decommissioning of part of the Victoria General site and the construction of five new health care buildings in the Halifax area, will be using a P3 model. “This government has chosen the most expensive way to get this project done,” said NSGEU President Jason MacLean.

(Wonderful) News release: Plans to contract out cleaning services to private companies at Canadian Forces Bases (CFB) in Greenwood and Kingston have been shelved and the Department of National Defense (DND) has committed to creating a new process for future reviews. Workers at CFB Greenwood were facing unemployment as of next week, with their work being contracted out to a private, for profit company.

Danny Cavanagh: “Snow and ice control and maintenance will be contracted out to a private company. This raises questions and concerns about the long-term cost of a new P3 highway for taxpayers. It’s essentially déjà vu, and it’s more than likely that we will be providing a hefty profit to corporate elite bank coffers and in the end will get inferior service.”