privatises
Transfers to corporations
Privatises is the British spelling of privatizes, meaning to transfer ownership or control of a business, industry, or service from the public sector to private ownership.
Governments privatise state-run enterprises for various reasons: to raise revenue, increase efficiency, or reduce government involvement in the economy.
The government privatised the national railway system in the 1990s.
The process often sparks debate about whether essential services should be run for profit.
Transfers from state ownership
- sells offDisposes of for money
- divestsRemoves or relinquishes ownership
- deregulatesRemoves governmental controls
- commercialisesMakes profitable for sale
transfers · auctions · outsources · liberalises · restructures · liquidates · floats · IPO
British free-market conservatism
- neoliberalismPro-market, anti-regulation ideology
- austerityEnforced economic stringency
- reformImprove by correcting faults
- ideologyStructured belief framework
policy · mandate · legislation · controversy · debate · opposition · unions · protests
Essential infrastructure services
- railwaysFixed-track transport systems
- telecomsCommunication service industry
- healthcareOrganized provision of treatment
- educationSystematic development of mind
prisons · postal service · water · electricity · transport · airlines · mining · steel
denationalises
Transfers from state ownership
- sells offDisposes of for money
- divestsRemoves or relinquishes ownership
- deregulatesRemoves governmental controls
commercialises · transfers · auctions · outsources · liberalises · restructures · liquidates · floats · IPO · shareholders
Thatcherism
British free-market conservatism
- neoliberalismPro-market, anti-regulation ideology
- austerityEnforced economic stringency
- reformImprove by correcting faults
ideology · policy · mandate · legislation · controversy · debate · opposition · unions · protests · manifesto
utilities
Essential infrastructure services
- railwaysFixed-track transport systems
- telecomsCommunication service industry
- healthcareOrganized provision of treatment
education · prisons · postal service · water · electricity · transport · airlines · mining · steel · broadcasting
privatisesnationalises
Makes state-owned property
nationalizes · renationalizes · socialises · expropriates · socializes
privatisation, privatised, privatising, privatisations, privatise