privatization

(redirected from denationalisation)
Also found in: Dictionary, Thesaurus, Financial, Wikipedia.
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,
..... Click the link for more information.
.

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 a process in which traditional, working-class communal life styles are said to have been replaced by more family and home-centred ones, away from the older working- class housing and in relatively new housing estates.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 ?
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.
NA: Denationalisation has further aggravated the problem of unemployment.
On the denationalisation bill, the court said it failed because the authority to administer public property was "exclusively afforded to the cabinet.
Cyta vice chairman Marangos (centre in photo) said that the aim was to maximise the telco's value so that the denationalisation can proceed on better terms with potential new buyers.
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.
However, situation changed after complete denationalisation of banks.
The Council also said that the denationalisation process needs to be speeded up, so that the additional resources the government has allocated to this task will allow it to be completed before the end of 2002.
The proposed action of denationalisation will neither serve the interest of policyholders nor the employees or field workers.
According to the 55-page report, the success of the denationalisation of the port, especially the state revenues, will depend to a great extent on the implementation of the contractors' business plan.
I was also bemused to see that, following decades of denationalisation, Gordon decided to spend taxpayers' money bailing out an ailing private financial institution.