I’ve been asked to talk about the “international experience of Public Private Partnerships”[PPPs]…Are PPPs, as claimed by their promoters, mechanisms for spreading wealth downwards…? Or are they part of an infrastructure of wealth extraction that channels wealth upwards?...[T]hey all share one feature in common: they provide private companies with contract-based rights to flows of public money or to monopoly income streams from services on which the public rely…There is little doubt, that PPPs enable the extraction of wealth from the public by the private sector…Neoliberals, for example, champion PPPs on the grounds that…Private ownership is better than public ownership because it brings competition, and thus lower prices…PPPs are therefore an instrument for poverty eradication…[But] Public-Private Partnerships – PPPs – enable the extraction of public wealth for private gain. The extraction is not only financial but often also physical…[Refers to Afri’nnai, D10 Investments, Excel Health, Netcare, Women Investment Company]