Privatization Essay Example | Topics and Well Written Essays - 500 words

Privatization - Essay Example Private individuals who buy these public shares will be able to participate in the decision-making process of these organizations and will be able to change their policies. On the other hand, some people argue that private sector organizations will emphasize more on their profits and not on the protection of public rights. They will keep increasing prices in order to earn greater profits. Opponents also argue that the ownership of some goods should remain in the hands of the government to ensure equality. These goods and services include healthcare and education facilities. These public goods should be facilitated by the government just as the private goods should be provided by the private sector. Through privatization, governments try to improve the performance of their duties like infrastructure etc. In the past, privatization has occurred in many different countries. In the Great Britain, privatization started with partial privatization of British Petroleum in 1979. A large numbe r of industries were privatized after this like British ports, British Telecom etc. In 1987, one of the largest airlines in Europe, British Airways was also privatized. Along with these, many other assets such as buildings, roads, and buildings were also privatized. In U.S. many services have been privatized including hospitals, parking lots, water utilities etc. One of the most significant examples of privatization was that of Chicago Skyway and Indiana Toll Road in the U.S (Government Privatization, Web).