Paddy Carter
banner
paddycarter.bsky.social
Paddy Carter
@paddycarter.bsky.social
Head of development economics at British International Investment, formerly CGD, ODI, lapsed academic economist and macroeconomics hobbyist.
https://sites.google.com/site/paddycarter/
I dont know that justifies lending your labour to a very nasty enterprise
November 22, 2025 at 3:51 PM
I see a lot of people arguing good people should not be on X I don't know why those arguments don't also apply to working at the Telegraph
November 22, 2025 at 3:42 PM
is moving a city really easier than building a lot of desalination plants asap? there are Gulf countries with a lot of expertise here, the ability to use solar power is improving. Tehran has 15m people, Saudi Arabia has 35m and desal provides 1/2 its water.
November 21, 2025 at 4:53 PM
I guess it also does not solve the UK problem that wind generation is geographically distant from consumption, which unless transmission if fixed might we we want grid scale storage nearer the site of generation?
November 20, 2025 at 11:30 AM
of course it remains to be seen if this business will flourish or go bust, but the reduction in upfront costs they are offering, compared to buying a (smaller) powerwall, according to that article, looks like a big deal. But maybe it needs Texas sunshine
November 20, 2025 at 11:26 AM
could a similar initiative see the cops respond more effectively to "my phone/laptop has been stolen and find my device shows it's in this house"?
November 20, 2025 at 10:21 AM
I have bad news about cognitive performance in your 50s 😧
November 19, 2025 at 4:49 PM
Geneva convention on sport and recreation for prisoners of war:

ihl-databases.icrc.org/en/ihl-treat...
ihl-databases.icrc.org
November 19, 2025 at 4:15 PM
yes I suppose you need to offset whatever return premium private actors demand. Whole point of PFI was that under traditional public procurement, private contractors have an incentive to cut all the corners they can get away with, PFI was supposed to change their incentives.
November 19, 2025 at 11:47 AM
there are also complicated questions about whether the government ought to act as if it's risk neutral or whether it ought to build a risk premium into its calculations
November 19, 2025 at 11:43 AM
I wonder the extent to which "sympathetic to Palestinians" is "Islamo" in these guys minds
November 19, 2025 at 11:40 AM
but looking at investments as one-off cases isn't the whole picture, you also need to think about how much you can get done overall under different choices, and that gets very complicated if you think that PFI causes some public capabilities to atrophy and others to strengthen
November 19, 2025 at 11:35 AM
if you wanted to construct a more sustainable case with the private sector getting what it regards as a worthwhile deal (earning some risk premium) my guess is you'd probably need to also include some productivity improvement under the private route to still come out as preferable to public finance
November 19, 2025 at 11:32 AM
the general point is that if higher nominal financing costs reflect genuine risk taking, and those risks would be born by the public under the alternative choice, then the public might still be getting good value, and "government debt is cheaper" is misleading.
November 19, 2025 at 11:30 AM
here is an example of what I presume was a incompetent public sector being outperformed by private (and saving lives) www.sciencedirect.com/science/arti...
Privatization of public goods: Evidence from the sanitation sector in Senegal
Privatization of a public good (the management of sewage treatment centers in Dakar, Senegal) leads to an increase in the productivity of downstream s…
www.sciencedirect.com
November 19, 2025 at 11:01 AM
I don't know - there is an argument that the less competent the government gets, it gets worse at both doing things itself and at designing and overseeing contracts with the private sector (who will certainly take you for a ride, if it can)
November 19, 2025 at 10:56 AM
this podcast transcript with one of the authors of that might be of interest:

blogs.worldbank.org/en/ppps/when...
When do public-private partnerships work well?
Can countries do a better job in designing partnerships that deliver on their infrastructure goals?
blogs.worldbank.org
November 19, 2025 at 10:53 AM