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Mariana Mazzucato and Stella Creasy on the Global Economy, PART 2
Intelligence Squared
The Importance of Private Finance
The bedroom tax is a great example of where when this thinking goes wrong, not only does it lead to some horrific outcomes. A lot of what you write in your book echoes how we got here because governments of all colors have done private borrowing. It's basically like taking out a payday loan for the public sector and it's a loan that you can't then cut back on the costs. Because the way these contracts are written, the bank always wins.
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