wayneL
VIVA LA LIBERTAD, CARAJO!
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That is mostly rhetoric.Im sorry but your completely wrong
Advantages of Privatisation
·Privtaely owned Firms are more cost efficient - because they need to make a profit.
·Privatisation places the risk in the hands of business or Private Enterprise.
·Govt. Businesses are subject to an enormous amount of red tape (Beauraucracy)
·Private enterprise is more responsive to customer complaints and innovation.
·Govt Ent. Have an advantage over private Ent. Because they can guarantee payment of bills and they don't pay tax.
·The Govt. should not be a player and an umpire.
·Privatisation provides a one off cash boost for Govt. This can be spent on Hospitals etc...
·Privatisation leads to lower prices and greater supply.
·Competition in privatization increases differentiation.
Shall i go on?
I can if you wish ... i wrote my honours dissertation on Economic Benefits of Privatisation ...
In certain situations privatization can be a benefit. In other cases, it stinks. Many privatized government enterprises are an unmitigated disaster.
Corporatisation is a superior path IMO. (FWIW... I can't be bothered putting up examples)