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Privatisation

VS

Nationalisation

Nationalisation

Privatisation

The transfer of ownership of property or businesses from a government to a privately owned entity.

Definitions

When a government chooses to take an industry into state ownership in order to safeguard the supply of a good or service.

Advantages

VS

Disadvantages

Advantages of Privatisation

Advantages of Privatisation

  • Improved Efficiency
  • Lack of Political Interference
  • Short Term view
  • Shareholders
  • Increased Competition
  • Government will raise revenue from the sale

Disdvantages of Privatisation

Disadvantages of Privatisation

  • More expensive
  • Loss of jobs
  • Role of the citizen
  • Monopoly

Advantages

of Nationalisation

Advantages of Nationalisation

Natural Monopoly

Externalities

Welfare Issues

Industrial Relations

Government Investment

Disdvantages of Nationalisation

Disdvantages of Nationalisation

• Burden on Government

• No/Limited competition

• No accountability to shareholders

• Unnecessary interference

• Undisciplined labor force.

Health Sector

Effectiveness

Efficiency

Health

Sector

At first glance, private hospitals seem to be more effective in patient outcome but are less efficient in terms of availability

Privatization is an option to improve congestion but research shows that this can only benefit from the government remaining a third-party payer (Canta)

Not only would privatizing individual hospitals improve their individual effectiveness and efficiency, but it would also relieve the hospitals that remain public and available on a wider scale

Therefore, not a matter of extreme nationalization or privatization, but a balance

Education In the US

Public schools have become victim to the school-prison pipeline

Constant budget cuts to education by state to leave money for defense expenditures

Private schools are not affected by this

Private schools are not affected by mandated curriculum

Education In Lebanon

Government expenditures on education are estimated at 1.1% of GDP

Basic salaries of education personnel reaching $601M in 2015 (around 6.8% of primary spending)

Success rates:

Intermediary exams: 64.4% for public schooling and 83.1% at private schools.

Secondary exams: the gap averaged 8.7 percentage points in favor of students in private establishments for the sections of Humanities, Life Sciences and General Sciences

Energy

Spread of Nationalisation

Energy

Security

  • Transport Security Administration

  • Part of Dept of Homeland Security

  • Nationalisation

  • Neither effective nor efficient

  • Because inefficient, many choose to drive if travel is domestic, increasing fatalities

  • Because they have job security, agents take many
  • liberties

  • Criticized by the ACLU

Re-privatising Airport Security

Re-privatising Airport Security

Would relieve the enormous budget strain off the government (~$7.6 bil 2012)

Competition between private security would ensure efficiency

Less leeway to commit civil rights abuses

References

Canta, Chiara. Public and Private Hospitals, Congestion, and Redistribution. Journal of public economic theory 18.1 01 Feb 2016: 42-66. Blackwell Publishing. 05 Mar 2018.

United States Congress (December 23, 2011). "CONSOLIDATED APPROPRIATIONS ACT, 2012" (PDF). United States Government Printing Office. Retrieved April 7, 2013.

Balko, Radley Q: Why Has the ACLU Been Silent About TSA Abuses? A: Because You Haven't Been Listening Archived July 11, 2016, at the Wayback Machine. Reason

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