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February 11, 2014 at 6:25 AM
The notion of inviting venture capitalists into the state human services system sounds, I’ll admit, a bit creepy. When I heard that notion was floating around the 2014 Legislature, my thoughts went to the private prison industry and its dismal race-to-the-bottom practices.
But as Tuesday’s Seattle Times editorial suggests, the notion, in HB 2337, deserves a second look. So-called “social impact bonds” are racing around public-policy circles, embraced by the left (the Center for American Progress write-up) and from the libertarian right (Reason Foundation’s write up). (more…)