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Social Impact Bonds are another way for governments to borrow money without it showing up on the books as debt.  IN the process social services are privatized with investor profits and the new layers of bureaucracy Social Impact Bonds require pushing up costs.  Because the intermediary organizations providing services must make a profit for investors, those most in need will have nowhere to go if it is too difficult or too expensive to help them.

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Cover of "Top 10 Reasons to Worry About Social Impact Bonds"