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 a process in which traditional, working-class communal life styles are said to have been replaced by more family and home-centred ones, away from the older working- class housing and in relatively new housing estates.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 ?
Be it PTCL privitisation, power purchase agreements with IPPs or Engro floating LNG Terminal contract.
One of the reasons people are mistrustful of privitisation is that too many companies have taken public sector contracts as no-risk cash cows.
It's certainly not that safe for future of the public's wellbeing with the phased encroachment of privitisation where profit vultures will asset strip the NHS to the bone like they have with most other former state owned entities.
Yves Bourdet and Inga Persson summarized Blaise Compaore's economic policies adopted during 1990s as, "The deregulation of markets and the privitisation of the majority of state-owned enterprises and banks have been accompanied by various measures that aim at favouring private domestic and foreign investments." (24) Ernest Harsh aptly called this "elite recomposition" for short.
Communications and Works Minister Marios Demetriades has said that development projects in the state budget for 2015 would be limited due to restricted funds, however growth would be pursued through projects with private investments, such as the privitisation of Limassol Port, energy upgrading of government buildings and street lighting, and the unification of the mobile telephony network.
He also expressed his country's keenness in opening itself up to Kuwaiti investment amid its privitisation plans, indicating that the government has put a number of state-owned companies up for privatization.
The march sought to highlight the impact austerity is having on the health service, with speakers claiming the coalition government has lied to the public over the privitisation of the NHS.
Then, the financial crisis of 2008 took hold and it was felt the conditions were not right for privitisation. As BuddeComm founder Paul Budde states in the company's report on the Lebanon telecoms sector, "market liberalisation and privatisation is a contentious issue as revenue from the telecoms industry contributes a significant proportion of the government's budget."
But unions fear the principles on which the NHS was founded are gradually being eroded by privitisation and patients will lose out, particularly the most needy and vulnerable.
The coalition believes that EBRD's plan of "accelerated privitisation" for Egypt "would increase poverty and inequality, while weakening both social justice and democracy".
Why does the Secretary of State think that it is not okay for the Government to run British railways, but it is okay for the French, German and Dutch to run them?" Transport Secretary Patrick McLoughlin said privitisation was the best way to secure further investment, adding that it was a policy previously backed by Labour.
I AGREE with the opening paragraphs of Labour Party organiser Mick Hills' letter about privitisation in the NHS (3.8.12) but the remainder reminds me of a joke my late friend Solly Kay used to tell.