privatization
State asset sales
Privatization is the transfer of ownership or control from government to private entities.
A state-owned airline undergoes privatization when sold to investors.
The term often appears in political debate: Critics argued that privatization of the postal service would hurt rural communities.
The opposite process is nationalization.
Removing governmental business restrictions
- neoliberalismPro-market, anti-regulation ideology
- free-marketUnregulated private exchange
- efficiencyProductive without waste
- outsourcingThird-party task delegation
downsizing · cost-cutting · fiscal · austerity · monetization · concession · liberalization · market reform
Transfer from government ownership
- perestroikaSoviet reform initiative
- glasnostSoviet transparency reform
- shock therapyElectric psychiatric treatment
- voucher systemPayment via redeemable certificates
oligarch · state-owned · transition · liberalization · marketization · restitution · lustration · democratization
Rearranging an existing framework
- mergerCorporate combination
- acquisitionAct of obtaining something
- shareholdersOwners of company stock
- divestitureDisposal of assets
spin-off · buyout · IPO · conglomerate · subsidiary · management buyout · leveraged buyout · corporate raider
Transfer of control
- conveyanceTransfer of property rights
- saleExchange for payment
- auctionCompetitive public sale
- tenderSoft or sore
bidding · valuation · appraisal · due diligence · allocation · assignment · cession · devolution
Essential infrastructure services
- railwaysFixed-track transport systems
- telecommunicationsRemote signal transmission technology
- healthcareOrganized provision of treatment
- educationSystematic development of mind
prisons · water · electricity · airlines · postal service · housing · pension · social security
Legal control over possessions
- title transferLegal ownership reassignment
- deedWritten property conveyance
- stakeholderParty with an interest
- shareholderEquity owner in corporation
proprietor · equity · assets · holdings · beneficiary · dividend · profit-sharing · employee ownership
deregulation
Removing governmental business restrictions
- neoliberalismPro-market, anti-regulation ideology
- free-marketUnregulated private exchange
- efficiencyProductive without waste
outsourcing · downsizing · cost-cutting · fiscal · austerity · monetization · concession · liberalization · market reform · IMF
denationalization
Transfer from government ownership
- perestroikaSoviet reform initiative
- glasnostSoviet transparency reform
- shock therapyElectric psychiatric treatment
voucher system · oligarch · state-owned · transition · liberalization · marketization · restitution · lustration · democratization
restructuring
Rearranging an existing framework
- mergerCorporate combination
- acquisitionAct of obtaining something
- shareholdersOwners of company stock
divestiture · spin-off · buyout · IPO · conglomerate · subsidiary · management buyout · leveraged buyout · corporate raider · hostile takeover
handover
Transfer of control
- conveyanceTransfer of property rights
- saleExchange for payment
- auctionCompetitive public sale
tender · bidding · valuation · appraisal · due diligence · allocation · assignment · cession · devolution · divestment
utilities
Essential infrastructure services
- railwaysFixed-track transport systems
- telecommunicationsRemote signal transmission technology
- healthcareOrganized provision of treatment
education · prisons · water · electricity · airlines · postal service · housing · pension · social security · infrastructure
property rights
Legal control over possessions
- title transferLegal ownership reassignment
- deedWritten property conveyance
- stakeholderParty with an interest
shareholder · proprietor · equity · assets · holdings · beneficiary · dividend · profit-sharing · employee ownership · ESOP
- economic policymonetary policy, tax policy, fiscal discipline, fiscal stimulus, fiscal restraint
- Thatcher EraMargaret Thatcher, Thatcher, Iron Lady, monetarism, poll tax
- European Economieseconomic growth, economic reform, market economy, economic miracle, economic integration
- free marketsfree market, free enterprise, free trade, free markets, laissez-faire
- institutional actionspolicy change, reform, audit, investigation, mandate
- organizational changemerger, acquisition, restructuring, reorganization, expansion
privatizationnationalization
Government acquisition of industry
public ownership · socialization · municipalization · collectivization · renationalization
privatizationsocialism
Communal economic control
communism · collectivism · statism · state capitalism · public enterprise
privatizationantiprivatization
Opposition to selling public assets
deprivatization · government intervention · state control · regulation · protectionism
- prison privatizationCommercial operation of jails
- healthcare privatizationShifting medicine to private sector