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 a process in which traditional, working-class communal life styles are said to have been replaced by more family and home-centred ones, away from the older working- class housing and in relatively new housing estates.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 ?
The government of Prime Minister Muhammad Nawaz Sharif fully respects constitution and rule of law while privatizing SOEs and has taken Council of Common Interest (CCI) into confidence before going for privatization of these entities", Muhammad Zubair told while commenting on a statement of Senator Raza Rabbani.
As President Bush was forced to admit in 2005, privatizing Social Security does nothing to address it's solvency - in fact it blows up to a $2 trillion hole in the trust fund to transition to private accounts.
Recommendation: To facilitate more efficient operations before, during, and after the transition from service-operated to privatized lodging, the Secretary of Army should direct the Assistant Secretary of the Army (Installations and Environment), working with the Assistant Chief of Staff for Installation Management and the Commander, Installation Management Command, and other appropriate stakeholders, to develop a single, comprehensive transition plan for future lodging privatization that includes details on key aspects of privatizing.
Bush argues his partial privatizing plan would help close the age-old racial gap.
Noda said, ''There have been causes, principles and philosophies benefiting people in privatizing the JNR and Dendenkosha,'' the state-owned predecessor of the Nippon Telegraph and Telephone Corp.
The scheme calls for privatizing the four highway builders into seven entities in fiscal 2005, as proposed by a government advisory panel, but dodges a call by the panel for giving debt repayments priority over construction of new highways.
More recently, Democrats in Congress have done their best to discredit the idea of partially privatizing Social Security through the introduction of individual accounts.
This story looks at the risk of privatizing environmental watchdogs.
ITEM: President Bush, reported CBS News on December 11th, "signed an order creating a commission to look into overhauling and perhaps even privatizing the U.
Under state regulations, privatizing Co-op City would require two affirmative votes from residents.
By privatizing the work, the Air Force estimated it could save $5.
Take the Japan Highway Public Corporation, which the new administration has discussed privatizing or abolishing entirely.