Posted by: olymponomics | July 11, 2012

Private security and the Games

It has been revealed that the army has been put on standby to provide extra security staff because the firm with the contract for security at Olympic venues, GS4, has been unable to guarantee that it will be able to provide the number of security personnel it was originally contracted to. This highlights one of the risks of contracting out key services to private firms for major events such as the Olympics which have no room for failure or delay, and might also point to the potential difficulties of the police privatisation threatened by the head of GS4 no less. The problem of moral hazard is not just confined to contracts in the realm of security, however.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: