Thank you, Mr. Chair.
First of all, I would like to welcome our witnesses and thank them for joining us today. Their remarks are very interesting although they are going in the opposite direction to what we have heard so far.
The witnesses seem to agree that social finance is not a cure-all in itself and that it is not the solution to all the social needs and challenges.
My first question is for Mr. McNeill.
The other witnesses who appeared before us said that the goal of social finance was not to replace public funding. Can you explain why you think social finance is a privatization of social programs and public services?