Privatization - Revision history

RobSmith at 20:05, February 19, 2026

2026-02-19T20:05:16Z

RobSmith at 20:04, February 19, 2026

2026-02-19T20:04:42Z

RobSmith at 20:01, February 19, 2026

2026-02-19T20:01:26Z

RobSmith at 19:59, February 19, 2026

2026-02-19T19:59:06Z

RobSmith at 19:58, February 19, 2026

2026-02-19T19:58:21Z

RobSmith at 23:47, February 18, 2026

2026-02-18T23:47:52Z

RobSmith at 23:46, February 18, 2026

2026-02-18T23:46:44Z

RobSmith at 23:45, February 18, 2026

2026-02-18T23:45:34Z

RobSmith at 23:44, February 18, 2026

2026-02-18T23:44:16Z

RobSmith at 23:41, February 18, 2026

2026-02-18T23:41:36Z

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 While theoretically privatization promotes "[[freedom]] and [[democracy]]", in practice it has too often transferred public ownership of [[corporation|enterprize]]s and [[natural resources]] from [[government]] to a non-democratic, [[corrupt]] [[oligarchy]] and [[bureaucratic]] [[elitism|elite]] in the post-[[Cold War]] era of [[globalization]].
-As well as proving economic and quality of life benefits to citizens in developing countries, it theoretically is supposed to be a major factor in improving [[rule of law]], [[accountability]], [[transparency]], "[[democracy]]" and personal freedoms, by "globalizing" or integrating the economies of developing countries with those of [[the West]], thus leading to greater incentives to reconcile regulatory, [[legal]] and [[political]] standards, as well as encouraging the local population to accept [[responsibility]] for development of their country, through participating in an opening market and thus directly affecting the way these services are provided by exercising their consumer choice in service provision, and by making stock investments in publicly traded, rather than state monopolist utilities.
+As well as proving economic and quality of life benefits to citizens in developing countries, it theoretically is supposed to be a major factor in improving [[rule of law]], [[accountability]], [[transparency]], "[[democracy]]" and personal freedoms by "globalizing" or integrating the economies of developing countries with those of [[the West]], thus leading to greater incentives to reconcile regulatory, [[legal]] and [[political]] standards, as well as encouraging the local population to accept [[responsibility]] for development of their country, through participating in an opening market and thus directly affecting the way these services are provided by exercising their consumer choice in service provision, and by making stock investments in publicly traded, rather than state monopolist utilities.
 Some privatization programs have been strangled by excessive state regulation that has prevented them becoming honest, successful private ventures. For instance, the Dulles Greenway in Virginia has not turned a profit,<ref>Northern Virginia Transportation Alliance, [http://www.nvta.org/content.asp?sl=459&contentid=1767 Dulles Greenway]</ref> due to excessive government regulation, and the fact that the state distorts free-market mechanisms by operating "free" roadways funded from taxpayers money.

@@ Line 3: / Line 3: @@
 While theoretically privatization promotes "[[freedom]] and [[democracy]]", in practice it has too often transferred public ownership of [[corporation|enterprize]]s and [[natural resources]] from [[government]] to a non-democratic, [[corrupt]] [[oligarchy]] and [[bureaucratic]] [[elitism|elite]] in the post-[[Cold War]] era of [[globalization]].
-As well as proving economic and quality of life benefits to citizens in developing countries, it theoretically us supposed to be a major factor in improving [[rule of law]], [[accountability]], [[transparency]], "[[democracy]]" and personal freedoms, by "globalizing" or integrating the economies of developing countries with those of [[the West]], thus leading to greater incentives to reconcile regulatory, [[legal]] and [[political]] standards, as well as encouraging the local population to accept [[responsibility]] for development of their country, through participating in an opening market and thus directly affecting the way these services are provided by exercising their consumer choice in service provision, and by making stock investments in publicly traded, rather than state monopolist utilities.
+As well as proving economic and quality of life benefits to citizens in developing countries, it theoretically is supposed to be a major factor in improving [[rule of law]], [[accountability]], [[transparency]], "[[democracy]]" and personal freedoms, by "globalizing" or integrating the economies of developing countries with those of [[the West]], thus leading to greater incentives to reconcile regulatory, [[legal]] and [[political]] standards, as well as encouraging the local population to accept [[responsibility]] for development of their country, through participating in an opening market and thus directly affecting the way these services are provided by exercising their consumer choice in service provision, and by making stock investments in publicly traded, rather than state monopolist utilities.
 Some privatization programs have been strangled by excessive state regulation that has prevented them becoming honest, successful private ventures. For instance, the Dulles Greenway in Virginia has not turned a profit,<ref>Northern Virginia Transportation Alliance, [http://www.nvta.org/content.asp?sl=459&contentid=1767 Dulles Greenway]</ref> due to excessive government regulation, and the fact that the state distorts free-market mechanisms by operating "free" roadways funded from taxpayers money.

@@ Line 3: / Line 3: @@
 While theoretically privatization promotes "[[freedom]] and [[democracy]]", in practice it has too often transferred public ownership of [[corporation|enterprize]]s and [[natural resources]] from [[government]] to a non-democratic, [[corrupt]] [[oligarchy]] and [[bureaucratic]] [[elitism|elite]] in the post-[[Cold War]] era of [[globalization]].
-As well as proving economic and quality of life benefits to citizens in developing countries, it theoretically has been a major factor in improving [[rule of law]], [[accountability]], [[transparency]], and "[[democracy]]" and personal freedoms, by "globalizing" or integrating of the economies of developing countries with those of [[the West]], thus leading to greater incentives to reconcile regulatory, legal and political standards, as well as encouraging the local population to accept [[responsibility]] for development of their country, through participating in an opening market and thus directly affecting the way these services are provided by exercising their consumer choice in service provision, and by making stock investments in publicly traded, rather than state monopolist utilities.
+As well as proving economic and quality of life benefits to citizens in developing countries, it theoretically us supposed to be a major factor in improving [[rule of law]], [[accountability]], [[transparency]], "[[democracy]]" and personal freedoms, by "globalizing" or integrating the economies of developing countries with those of [[the West]], thus leading to greater incentives to reconcile regulatory, [[legal]] and [[political]] standards, as well as encouraging the local population to accept [[responsibility]] for development of their country, through participating in an opening market and thus directly affecting the way these services are provided by exercising their consumer choice in service provision, and by making stock investments in publicly traded, rather than state monopolist utilities.
 Some privatization programs have been strangled by excessive state regulation that has prevented them becoming honest, successful private ventures. For instance, the Dulles Greenway in Virginia has not turned a profit,<ref>Northern Virginia Transportation Alliance, [http://www.nvta.org/content.asp?sl=459&contentid=1767 Dulles Greenway]</ref> due to excessive government regulation, and the fact that the state distorts free-market mechanisms by operating "free" roadways funded from taxpayers money.

@@ Line 3: / Line 3: @@
 While theoretically privatization promotes "[[freedom]] and [[democracy]]", in practice it has too often transferred public ownership of [[corporation|enterprize]]s and [[natural resources]] from [[government]] to a non-democratic, [[corrupt]] [[oligarchy]] and [[bureaucratic]] [[elitism|elite]] in the post-[[Cold War]] era of [[globalization]].
-As well as proving economic and quality of life benefits to citizens in developing countries, it theoretically has been a major factor in improving [[rule of law]], [[accountability]], transparency, and "[[democracy]]" and personal freedoms, by "globalizing" or integrating of the economies of developing countries with those of [[the West]], thus leading to greater incentives to reconcile regulatory, legal and political standards, as well as encouraging the local population to accept [[responsibility]] for development of their country, through participating in an opening market and thus directly affecting the way these services are provided by exercising their consumer choice in service provision, and by making stock investments in publicly traded, rather than state monopolist utilities.
+As well as proving economic and quality of life benefits to citizens in developing countries, it theoretically has been a major factor in improving [[rule of law]], [[accountability]], [[transparency]], and "[[democracy]]" and personal freedoms, by "globalizing" or integrating of the economies of developing countries with those of [[the West]], thus leading to greater incentives to reconcile regulatory, legal and political standards, as well as encouraging the local population to accept [[responsibility]] for development of their country, through participating in an opening market and thus directly affecting the way these services are provided by exercising their consumer choice in service provision, and by making stock investments in publicly traded, rather than state monopolist utilities.
 Some privatization programs have been strangled by excessive state regulation that has prevented them becoming honest, successful private ventures. For instance, the Dulles Greenway in Virginia has not turned a profit,<ref>Northern Virginia Transportation Alliance, [http://www.nvta.org/content.asp?sl=459&contentid=1767 Dulles Greenway]</ref> due to excessive government regulation, and the fact that the state distorts free-market mechanisms by operating "free" roadways funded from taxpayers money.

@@ Line 5: / Line 5: @@
 As well as proving economic and quality of life benefits to citizens in developing countries, it theoretically has been a major factor in improving [[rule of law]], [[accountability]], transparency, and "[[democracy]]" and personal freedoms, by "globalizing" or integrating of the economies of developing countries with those of [[the West]], thus leading to greater incentives to reconcile regulatory, legal and political standards, as well as encouraging the local population to accept [[responsibility]] for development of their country, through participating in an opening market and thus directly affecting the way these services are provided by exercising their consumer choice in service provision, and by making stock investments in publicly traded, rather than state monopolist utilities.
-Some privatization programs have been strangled by excessive state regulation that has prevented them becoming honest, successful private ventures. For instance, the [[Dulles Greenway]] in Virginia has not turned a profit,<ref>Northern Virginia Transportation Alliance, [http://www.nvta.org/content.asp?sl=459&contentid=1767 Dulles Greenway]</ref> due to excessive government regulation, and the fact that the state distorts free-market mechanisms by operating "free" roadways funded from taxpayers money.
+Some privatization programs have been strangled by excessive state regulation that has prevented them becoming honest, successful private ventures. For instance, the Dulles Greenway in Virginia has not turned a profit,<ref>Northern Virginia Transportation Alliance, [http://www.nvta.org/content.asp?sl=459&contentid=1767 Dulles Greenway]</ref> due to excessive government regulation, and the fact that the state distorts free-market mechanisms by operating "free" roadways funded from taxpayers money.
 Many leading economists, such as [[Murray Rothbard]], hold that all government services can and should be privatized, with citizens and businesses contracting directly with private firms for protection.<ref>Rothbard, Murray. [http://mises.org/rothbard/newlibertywhole.asp For a New Liberty]</ref>

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 '''Privatization''' is the act of opening up previously state-owned corporations, assets, service or economic sector to private enterprise, though it can also be used to refer to public private partnerships, such as operating concessions, or Build Operate Transfer schemes. Privatization has been encouraged by the [[IMF]] and [[World Bank]] in both wealthy and developing nations since the [[Second World War]], but particularly since the 1980s. It is mostly responsible for the transformation of poor quality public services delivered in a top-down authoritarian manner to customer-focused, flexible, innovative, more efficient services, as well as unlocking the potential of [[private sector]] [[profit]]-focused investment that have transformed services such as water, transportation, healthcare, defense, prisons, and telecoms in the developing world.
-While theoretically privatization promotes "[[freedom]] and [[democracy]]", in practice it has too often transferred public ownership of [[corporation|enterprize]]s and [[natural resources]] from [[government]] to a non-democratic, [[corrupt]] [[oligarchy]] and [[bureaucratic]] [[elitism|elite]] in the post-[[Cold War]] era pf [[globalization]].
+While theoretically privatization promotes "[[freedom]] and [[democracy]]", in practice it has too often transferred public ownership of [[corporation|enterprize]]s and [[natural resources]] from [[government]] to a non-democratic, [[corrupt]] [[oligarchy]] and [[bureaucratic]] [[elitism|elite]] in the post-[[Cold War]] era of [[globalization]].
 As well as proving economic and quality of life benefits to citizens in developing countries, it theoretically has been a major factor in improving [[rule of law]], [[accountability]], transparency, and "[[democracy]]" and personal freedoms, by "globalizing" or integrating of the economies of developing countries with those of [[the West]], thus leading to greater incentives to reconcile regulatory, legal and political standards, as well as encouraging the local population to accept [[responsibility]] for development of their country, through participating in an opening market and thus directly affecting the way these services are provided by exercising their consumer choice in service provision, and by making stock investments in publicly traded, rather than state monopolist utilities.

← Older revision		Revision as of 23:46, February 18, 2026
Line 1:		Line 1:
−	'''Privatization''' is the act of opening up previously state-owned corporations, assets, service or economic sector to private enterprise, though it can also be used to refer to public private partnerships, such as operating concessions, or Build Operate Transfer schemes. Privatization has been encouraged by the [[IMF]] and [[World Bank]] in both wealthy and developing nations since the [[Second World War]], but particularly since the 1980s. It is mostly responsible for the transformation of poor quality public services delivered in a top-down authoritarian manner to customer-focused, flexible, innovative, more efficient ~~and transparent~~ services, as well as unlocking the potential of [[private sector]] [[profit]]-focused investment that have transformed services such as water, transportation, healthcare, defense, prisons, and telecoms in the developing world.	+	'''Privatization''' is the act of opening up previously state-owned corporations, assets, service or economic sector to private enterprise, though it can also be used to refer to public private partnerships, such as operating concessions, or Build Operate Transfer schemes. Privatization has been encouraged by the [[IMF]] and [[World Bank]] in both wealthy and developing nations since the [[Second World War]], but particularly since the 1980s. It is mostly responsible for the transformation of poor quality public services delivered in a top-down authoritarian manner to customer-focused, flexible, innovative, more efficient services, as well as unlocking the potential of [[private sector]] [[profit]]-focused investment that have transformed services such as water, transportation, healthcare, defense, prisons, and telecoms in the developing world.

	While theoretically privatization promotes "[[freedom]] and [[democracy]]", in practice it has too often transferred public ownership of [[corporation\|enterprize]]s and [[natural resources]] from [[government]] to a non-democratic, [[corrupt]] [[oligarchy]] and [[bureaucratic]] [[elitism\|elite]] in the post-[[Cold War]] era pf [[globalization]].		While theoretically privatization promotes "[[freedom]] and [[democracy]]", in practice it has too often transferred public ownership of [[corporation\|enterprize]]s and [[natural resources]] from [[government]] to a non-democratic, [[corrupt]] [[oligarchy]] and [[bureaucratic]] [[elitism\|elite]] in the post-[[Cold War]] era pf [[globalization]].

← Older revision		Revision as of 23:45, February 18, 2026
Line 1:		Line 1:
−	'''Privatization''' is the act of opening up previously state-owned corporations, assets, service or economic sector to private enterprise, though it can also be used to refer to public private partnerships, such as operating concessions, or Build Operate Transfer schemes. Privatization has been encouraged by the [[IMF]] and [[World Bank]] in both wealthy and developing nations since the [[Second World War]], but particularly since the 1980s. It is mostly responsible for the transformation of poor quality public services delivered in a top-down authoritarian manner to customer-focused, flexible, innovative, more efficient and transparent services, as well as unlocking the potential of private sector profit-focused investment that have transformed services such as water, transportation, healthcare, defense, prisons, and telecoms in the developing world.	+	'''Privatization''' is the act of opening up previously state-owned corporations, assets, service or economic sector to private enterprise, though it can also be used to refer to public private partnerships, such as operating concessions, or Build Operate Transfer schemes. Privatization has been encouraged by the [[IMF]] and [[World Bank]] in both wealthy and developing nations since the [[Second World War]], but particularly since the 1980s. It is mostly responsible for the transformation of poor quality public services delivered in a top-down authoritarian manner to customer-focused, flexible, innovative, more efficient and transparent services, as well as unlocking the potential of [[private sector]] [[profit]]-focused investment that have transformed services such as water, transportation, healthcare, defense, prisons, and telecoms in the developing world.

	While theoretically privatization promotes "[[freedom]] and [[democracy]]", in practice it has too often transferred public ownership of [[corporation\|enterprize]]s and [[natural resources]] from [[government]] to a non-democratic, [[corrupt]] [[oligarchy]] and [[bureaucratic]] [[elitism\|elite]] in the post-[[Cold War]] era pf [[globalization]].		While theoretically privatization promotes "[[freedom]] and [[democracy]]", in practice it has too often transferred public ownership of [[corporation\|enterprize]]s and [[natural resources]] from [[government]] to a non-democratic, [[corrupt]] [[oligarchy]] and [[bureaucratic]] [[elitism\|elite]] in the post-[[Cold War]] era pf [[globalization]].

← Older revision		Revision as of 23:44, February 18, 2026
Line 1:		Line 1:
−	'''Privatization''' is the act of opening up previously state-owned corporations, assets, service or economic sector to private enterprise, though it can also be used to refer to public private partnerships, such as operating concessions, or Build Operate Transfer schemes. Privatization has been encouraged by the [[IMF]] and [[World Bank]] in both wealthy and developing nations since the [[Second World War]], but particularly since the 1980s. It is mostly responsible for the transformation of poor quality public services delivered in a top-down authoritarian manner to customer-focused, flexible, innovative, more efficient and transparent services, as well as unlocking the potential of private sector profit-focused investment that have transformed services such as water, transportation, prisons, and telecoms in the developing world.	+	'''Privatization''' is the act of opening up previously state-owned corporations, assets, service or economic sector to private enterprise, though it can also be used to refer to public private partnerships, such as operating concessions, or Build Operate Transfer schemes. Privatization has been encouraged by the [[IMF]] and [[World Bank]] in both wealthy and developing nations since the [[Second World War]], but particularly since the 1980s. It is mostly responsible for the transformation of poor quality public services delivered in a top-down authoritarian manner to customer-focused, flexible, innovative, more efficient and transparent services, as well as unlocking the potential of private sector profit-focused investment that have transformed services such as water, transportation, healthcare, defense, prisons, and telecoms in the developing world.

	While theoretically privatization promotes "[[freedom]] and [[democracy]]", in practice it has too often transferred public ownership of [[corporation\|enterprize]]s and [[natural resources]] from [[government]] to a non-democratic, [[corrupt]] [[oligarchy]] and [[bureaucratic]] [[elitism\|elite]] in the post-[[Cold War]] era pf [[globalization]].		While theoretically privatization promotes "[[freedom]] and [[democracy]]", in practice it has too often transferred public ownership of [[corporation\|enterprize]]s and [[natural resources]] from [[government]] to a non-democratic, [[corrupt]] [[oligarchy]] and [[bureaucratic]] [[elitism\|elite]] in the post-[[Cold War]] era pf [[globalization]].