Mana News editor Joe Trinder

The New Zealand Initiative a right wing think tank has cooked up a complex scheme of social bonds for mental healthcare, basically the privatisation of Mental health services.

Social bonds, like financial market bonds, are essentially an I-O-U which pays interest.

With a social bond the Government contracts out some social services work with set timelines and agreed performance targets attached to those services.

If the mental health provider fails to meet  deadlines or performance targets the government will avoid paying out for the bonds.