privatization

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Related to denationalisation: nationalisation

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 a process in which traditional, working-class communal life styles are said to have been replaced by more family and home-centred ones, away from the older working- class housing and in relatively new housing estates.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 ?
(7) These statements suggest that the move to reinvigorate denationalisation laws in all three countries was underpinned by two justifications: a security rationale and a symbolic rationale.
Enter the word `privatisation' into Google and the first page alone will give you details of denationalisation programmes in Delhi, Zambia, Nepal, Uganda, Qatar and Bangladesh.
The proponents of denationalisation also had the fixed idea that `public was bad and private was good' -- the opposite of accepting the merits of service public, as was the case with governments in Paris.
ER: What are your views about the denationalisation process in the country?
The ZCCM Chambeshi mine is already up for sale and the intention is to go power in October 1991, over 70,000 jobs ahead with a process of denationalisation. Chiluba and the ZCCM management are still looking towards Anglo-American of South Africa as a likely buyer.
The First Privatisation: The Politicians, the City, and the Denationalisation of Steel This is a short study of the privatization (or denationalization) of the steel industry in Britain during the 1950s.
"It is another organisation that we allowed tobecome loss-making with no prospect of denationalisation," Finance Minister Harris Georgiades said.
Conditional to the bailout funds was that Cyprus needed to raise some EUR 1.4 bln from privatisations or from denationalisation, to lower the burden on the taxpayer and make the economy more competitive.
The minister said that the revenues from denationalisation this year may exceed the proceeds from the privatisation process carried out last year by 30 per cent.
The global village syndrome, where your competitors are in China and India rather than up the road in West Bromwich or Warley, the relentless march of new technology and denationalisation programmmes have shrunk our manufacturing base.
The proposed action of denationalisation will neither serve the interest of policyholders nor the employees or field workers.
One of Tuesday's bills froze denationalisation of the telecoms company, CyTA, until the end of the year.