Article: Public-private marriage is heading for the rocks: the Government's ambivalent attitude to Railtrack shareholders, bank's profits and a privatised Post Office shows it doesn't understand capitalism. (Business).

When Railtrack was effectively re-nationalised last October, I wrote here that there were dangers attached to distinguishing between the interests of creditors and the interests of shareholders in the company (MW October 11, 2001).

My point was that the Government -- indeed, any government -- depends to a significant extent on the goodwill of institutional investors to manage the relationship between public and private sectors.

When both sides are collectively trying to shore up public-private partnership (PPP) schemes, it is imperative that there is an understanding between the two as to what their roles are and what they both want out of the ...

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