Economics: Privatisation: the promise and the reality*

The case for the policy of privatisation rests on a number of essential pillars. It is, however, questionable whether these represent the real reasons why the policy has been, and is still being, pressed upon governments with such vigor. Why that might be so will be examined later.But let us first consider the stated basis for the policy.Many on the non-ideological side of the economic debate – while staunchly defending the capitalist form of economic organisation – support the idea of a mixed e…

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