Democratic deficit of regeneration and Private Finance Initiative (PFI)

Example: The ‘Oval Quarter’ in North Lambeth

“The idea of civic engagement was lost; in its place, a union of faceless bureaucracy and corporate impunity. As the responsibility was passed from a democratic institution to the honeycomb of corporations, much of it simply bled out.”

From: https://www.theguardian.com/society/2017/jul/21/the-real-cost-of-regeneration-social-housing-private-developers-pfi

 

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