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Social Service, Private Gain

The Political Economy of Social Impact Bonds
Summary:

The book critically examines the concept of Social Impact Bonds (SIBs), financial instruments that aim to fund social services through private investment with the promise of public savings. It explores the implications of this approach on public service delivery, questioning the effectiveness and ethical considerations of blending private profit motives with social welfare objectives.

Key points:

1. Privatization via Social Impact Bonds: The book critiques Social Impact Bonds (SIBs) for shifting social services to private investors, focusing on profit over public service and risking the support for vulnerable groups.

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