naked cap: Carillion Collapse Will Leave Taxpayers With Big Bills, Produce Knock-On Failures; Shows Danger of "Public/Private Partnerships".

The failure of the UK infrastructure firm Carillion demonstrates that “public/private partnership” means private gains and socialized losses.

Oh my God, that phrase is perfect. "... private gains and socialized losses." That - going off-subject for a minute - is the ENTIRE HISTORY of mineral and oil extraction in the American West. I'm going to borrow that. You'll hear it again (and again, and again), until I feel you'll remember it.