There is no point in debating the merits of public private partnerships, argues John Quiggin of the University of Queensland, since there is no alternative. In a mixed economy, any activity undertaken by government inevitably requires inputs from the private sector, and vice versa. It is a true comparison of the cost of capital that must be considered.
"Apples with apples: Comparing the cost of capital,"
Public Infrastructure Bulletin:
3, Article 4.
Available at: http://epublications.bond.edu.au/pib/vol1/iss3/4