Social impact bonds: Another attempt at privatizing government? – Manitoba – CBC News

Social impact bonds: Another attempt at privatizing government? – Manitoba – CBC News.

By Louis-Philippe Rochon

On June 9, the Manitoba Progressive Conservative Party introduced the idea of issuing “social impact bonds” to finance the province’s social services, vowing to use them if they ever formed the next provincial government.

But voters and taxpayers beware: social impact bonds are just another attempt at privatizing government, and may end up costing you more.

Most voters have yet to really hear about social impact bonds, or SIBs as they are called (also referred to as “pay for success bonds”), but they are definitely on the agenda of conservative movements worldwide.

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