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PFI: The Financialisation of Everything

With Grace Blakely The ‘Private Finance Initiative’ still sounds like a dry, technical procedure that nobody could get too excited about. That’s what it’s supposed to sound like. Journalists and government have colluded for 25 years in making sure that the public don’t take too much interest in it. In fact the PFI has been central to UK government policy since the mid 1990s and has been the vehicle through which huge chunks of the British public sector have been privatised without any mandate from the people. One of Stuart Hall’s last great public interventions was to call for the launch of a…

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