Carillion’s Failure and the Private Finance Initiative


The collapse of Carillion is another symptom of capitalism’s general crisis of profitability. We are told the PFI and debacle of Carillion are not the way capitalism is supposed to work. Unfortunately this is the way capitalism is supposed to work, and the way it worked under state control also. The system is supposed to transfer wealth created by the working class to those who own capital and this is precisely what has been happening with Carillion, with PFI in general and with privatisation.