This website uses cookies to ensure you have the best experience. Learn more

The Privatization Initiatives Of The 1980s

2078 words - 8 pages

Privatization is not a new phenomenon and has been affecting governments both positively and negatively for many years. Privatization is the process in which a government will sell a state owned enterprise and assets to be privately owned and operated. “The United Kingdom, under the Thatcher government, ushered in the era of privatization in the early 1980s.” (pg3) “The focus on privatization is rooted in the ideological belief that competitive markets are the most efficient actors capable of distributing resources and producing goods.” The sale of assets in the first decade of privatization generated more than £15 billion of revenue for the government. (pg3) “Following the perceived success of the British program, many other countries began privatization initiatives beginning in the late 1980s, and many are still ongoing. “ (pg3) “Canada carried out a number of privatization initiatives between 1983 and 1997. During this period 31 complete or partial privatizations of federal Crown corporations or mixed-ownership enterprises occurred.” (pg3) some of these have been successful, while most have not seen positive results from transferring over the SOE to the private sector.
The most straightforward theoretical support for privatization comes in the form of the neoliberal theory. The advocates of less government intervention into the affairs of the economy and development no doubt support privatized, free-market enterprises. Neoliberals believe that the only kind of market failure that should be corrected by the state is the provision of pure public goods such as national defense and tax collection (pg 27) Any public good that can be provided by the market, they argue should be provided by it. (pg 27) “This philosophy emerged as a critique of the welfare state which had become the most prominent form democratic countries took.” Neo-conservatives/ liberals believe that even if the state turned out to be more efficient than the market in certain instances, many neo-conservatives would still reject state intervention in the market on the grounds that this would erode individual freedom (32) P3’s are entered upon mainly due to budgetary implications as well as risks associated with entering into pure public services. Proponents suggest that P3’s provide us with new efficiencies and reduced costs when entering into a contract agreement (27)
Opponents suggest the rationale of transferring risk is not a sufficient condition to become involved in a P3, and they underline that while P3s are often justified as a means of saving money, this does not necessarily happen. the criticisms of P3s: high cost and less value, lower-quality design, less accountability, loss of worker rights, and loss of public policy flexibility. Without profit, private operators, or financiers, aren’t interested in public service for its own sake.
Over the years Canada has seen a number of problems with regards to the privatization of governmental services. When it comes...

Find Another Essay On The Privatization Initiatives of the 1980s

The 1980s: A Decade of Change

1311 words - 5 pages involvement in a cover-up” (Kornbluh 2). Fashion Fashion in the 1980s was based mostly on making a statement and flaunting style by wearing designer brands, mimicking Madonna (a popular pop artist), or emulating music television (MTV) idols and television icons. Women “ditched the stringy long hair of the 1970s, instead opting for perms and hairspray, teasing their hair into incredible walls, emphasizing the new look with two-toned eye shadows and glossy

The Importance of Work-Life Initiatives Essay

2140 words - 9 pages responsibilities. Such policies include flexible working arrangements, added benefits, and wellbeing initiatives. Organizations have options when developing flexible work arrangements. Flextime allows the employees to choose their own work hours within a block of hours set by the organization. Instead of working, for example, the traditional eight hours from 8-5 with an hour lunch, the employee works from 10-6 or works more hours one

indonesia in the 1980s

1344 words - 6 pages Indonesia’s industrialisation policies play an important role in supporting the achievement of high and sustained economic growth. The move towards export promotion from import substitution in the mid-1980s succeeded in restructuring the economy from agriculture to semi-industrious. As a result, the role of industry within the economy has become increasingly important, and whilst it has been successful within its own sphere of socio-economic

The Privatization of Anatolia National Telekom Simulation

1241 words - 5 pages seeks the privatization of this giant. That would bolster confidence in the government’s ability to follow through on past promises and lead a wave of other privatizations that would fundamentally change the Turkish economy, polity and society. Cohen, O’Connell, Rivera & Associates, “CORA”’s relationship with TAD is probably a pure commission deal. Therefore, CORA certainly will be a tough party regarding the price since a lower price will

Reasons for the popularity of LBOs during the 1980s

3306 words - 13 pages 1.INTRODUCTIONThe leveraged buyout phenomenon has been subject of many studies by a number of financial theorists, which have attempted to give an explanation of this trend during the 1980s, evaluating historic and financial aspects of that époque and previous.In this essay, we will see at those different panoramas and aspects that took companies to accomplish a wave of corporate restructuring during the 1980s and why these factors

The Effectiveness of the Arab and Israeli Peace Initiatives

1863 words - 7 pages The Effectiveness of the Arab and Israeli Peace Initiatives The Arab and Israeli peace initiatives that have taken place between the 1970s and 1990s have been both successful and unsuccessful; however the successful initiatives have been limited in reaching the ultimate goal of peace between the Arabs and Israelis. There have been three major peace initiatives that include the Camp David Accords, Madrid Peace

Benjamin Franklin in the 1980s

1609 words - 6 pages American government works was based upon ideas of Mr. Franklin. His inventions were the foundation for many new products made in the upcoming decades. The 1980s was a time of new discoveries and a revival in the government and society. A disease known as AIDS came to light, hard drugs such as cocaine were more commonly used, and popular culture at the time showcased America’s obsession with wealth. Ronald Reagan served two terms as president and

Social Satire of the Materialistic 1980s in American Psycho

986 words - 4 pages American Psycho (2000) offers a devastating social satire of the 1980s materialistic and hedonistic high society. Ironically, the film's monsters-in-hiding become increasingly evident even as the cinematography attempts to obscure most of the victims of Patrick Bateman (Christian Bale) with the dark hues of the nighttime. Additionally, the point-of-view (P.O.V.) editing in relation to Patrick Bateman illustrates his frustrations to the

Heavy Metal in the 1980s

1242 words - 5 pages Heavy metal in the 1980’s is hard to describe. Its static style did not change much from the 1970’s, but the lyrics, image, and theatrics took a step forward. Heavy metal had a huge impact in the 1980’s and there were many successful bands. Van Halen took heavy metal to new heights. After more than two decades of playing sold-out concert halls, selling millions of albums and enduring various lineup changes and solo projects, Van Halen is

Unique Challenges of Privatization of the Juvinille Justice System

1286 words - 6 pages Privatization has been typically undertaken in an effort to improve public productivity. Public managers thus have faced unique ethical challenges in situations of privatization because practical considerations and ethical considerations often collide. Effectiveness and efficiency may ultimately be long-range goals of privatization in general, but correctional programs for the juveniles are unique when examined state by state. Many people often

"The Need for Privatization" A paper on the reasons and benefits of the Privatization of Social Security

1452 words - 6 pages The Need for Privatization Every paycheck 7.65 percent is taken out for a retirement program, after the employer kicks in, a total of 12.4 percent of what you earn goes to the government to fund your retirement. The government system offers minuscule returns by anyone's measure and the system is expected to go bankrupt as soon as 2014. If a private company had these problems, no one would invest. But, this is a mandatory program, Americans have

Similar Essays

Financial Crisis Of The 1980s Essay

1094 words - 4 pages The financial crisis of 2008 and 2009 is considered by others as the worst financial crisis since the Great depression of 1930. However there were other financial crisis which had happened after the Great depression which were equally disastrous. The one that comes in mind was the financial crisis of the 1980s and early 1990s. It is always overlook by others because of the 2008 credit crunch which happens to be the recent one. It became known

The Privatization Of American Prisons Essay

4434 words - 18 pages The Privatization of American Prisons Introduction Since 1984, the California Penal System has been forced to undergo drastic changes resulting from increased legislation aimed at increasing the severity of retribution to offenders leading to an exponentially increasing prison population. In the 132 years between 1852 and 1984, the state of California built twelve prisons, but has since supplemented the prison system with 21 new

The Ethics Of Prison Privatization Essay

2357 words - 9 pages How true is Christie’s warning that an increasingly privatized penal service threatens the ethics and effectiveness of the criminal justice system? More aspects of the penal system are now privatized, and are set to increase. This includes the privatization of such services as prisons, electronic tags, catering companies, probation work or prison escort services. David Taylor-Smith, head of the world’s biggest security firm, G4S says he

The Privatization Of Prison Healthcare Essay

1955 words - 8 pages There are over 2.3 million persons within the” Prison Industrial Complex”. The “Prison Industrial Complex" is used to describe the overlapping interests of government and industry (Herzing, 2005). The interest of industry within the state prisons of Illinois has led to the selling of inmate healthcare rights to many private companies. The privatization of healthcare within the prison industrial complex is unconstitutional and perpetuates