privatization

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privatization:

see nationalizationnationalization,
acquisition and operation by a country of business enterprises formerly owned and operated by private individuals or corporations. State or local authorities have traditionally taken private property for such public purposes as the construction of roads, dams,
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privatization

  1. the sale or transfer of ‘nationalized’, publicly owned industries into private ownership and control. In the UK this process is particularly associated with the economic and social theories of THATCHERISM. The sale of shares in British Telecom, British Petroleum, British Gas, British Airways, and other companies is one aspect of this. In other areas the sale of council houses, and proposed changes in the WELFARE STATE, particularly in the funding of health and education, are comparable. See NEW RIGHT, NEW PUBLIC MANAGEMENT
  2. retreat of the individual from participation in political and PUBLIC activities.
  3. a process in which traditional, working-class communal life styles are said to have been replaced by more family and home-centred ones, away from the older working- class housing and in relatively new housing estates. Sense 3 is particularly associated with the AFFLUENT WORKER study of GOLDTHORPE, LOCKWOOD et al. (1968-9). The focus of interest in this work is the hypothesis that significant changes in attitudes are associated with privatization. In particular, the breakdown of class loyalties, an ‘instrumentalist’ orientation to work, a new concern with living standards and status, a more pragmatic political orientation (rather than an ‘automatic’ support for the Labour Party), greater job mobility, and, generally, more individualistic attitudes. The Affluent Worker study is undoubtedly a ‘classic’ of British sociological research. Drawing on a number of themes which were popular in the 1950s and 60s, it has been a source for theoretical and empirical work in the areas of working-class structure, CLASS CONSCIOUSNESS, and CLASS IMAGERY. Critics have indicated the oversimplification of Lockwood and Goldthorpe's categories, questioning their empirical usefulness in circumstances in which nontraditional class locations are associated with instrumentality and increased political militancy. Critics have also noted the lack of consideration given to factors other than social CLASS in the work: race, gender, religion, age, for example, may all affect attitudes (see Rose, 1988). As part of the reorientation of British sociology in the study of social class and class consciousness, though, this study of changing aspects of social class structure and consciousness remains of central importance.
References in periodicals archive ?
AFTER years of declining passenger numbers and following privitisation succesful attempts to woo people out of their cars and back onto trains it now appears that they are to force them off by price rises
The Permanent Way turns privitisation of the railways into a drama peopled by victims of four rail disasters, including the Paddington rail crash.
Curley, who condemned the service as worse than the Third World, says vast areas of the network are " life expired" and have had barely basic maintenance since privitisation.
As Woolford puts it, "the initial privitisation of the discourse presents an ontological problem which remains unsolved" (p.
Since the privitisation of the Swiss telephone system, prices have continued to drop as the competition between providers has become more and more intense.
Figure 3 Types of privatisation and their impact on emerging capital markets CHARACTERISTICS SECURITIES FRIENDLY OF FINANCIAL PRIVITISATION SYSTEM Vouchers and give away property to employees (Examples: Czech and Slovak Republics, Lithuania, Russia, most other CIS countries, Mongolia) LEVEL OF STOCK High share prices (as PRICES compared to book value) because the supply of property is reduced greatly by the give away of assets CONCENTRATION Millions of shareholders, OF STOCK wide dispersion of shares OWNERSHIP EXTERNAL VS.
Other assets acquired since the beginning of 1998 include Nelson Information, Technimetrics, Viga Technologies, Privitisation International, EDT World Group, Parity, Card Tech/Secure Tech, Credit Union Journal/Credit Union News and Boston Treasury Systems.
However, without the continued revenue from privitisation, public sector borrowing would be 10 billion pounds higher over these two fiscal years.