Always Quote by John McDonnell
“From nuclear waste to Northern Rock and Metronet, risk is never transferred to the private sector - the state will always be forced to step in where there is a clear public interest.”
About This Quote
Public risk is ultimately borne by the state; private entities cannot fully escape responsibility.
In simple terms: State bears public risk.
Key Takeaway
Ensure public interest is protected.
Themes
public policy
risk management
government
Mood
analytical
critical
Type
political
economic
When to use this quote
- taxation
- infrastructure
- financial crises
Key Concepts
economic responsibility
public welfare
Questions to Reflect On
- How can private actors be incentivized to assume risk?
- What safeguards protect taxpayers?
A Different Perspective
Private sector may share risk.
![“When the fountains of government [borrowing] abundance began to dry up, when through lack of funds and the impossibility of negotiating fresh loans the state was forced to check the extension of bureaucracy and to put a stop to public works, then and then only did the Italians realize what it…” quote by John T. Flynn](https://sms4smile.com/quotes/img-quotes/908/john-t-flynn-18493_abundance_when-the-fountains-of-government-borrowi_2663.jpg)
