privatizes

Transfers to individuals

Privatizes means transfers from public to private ownership or control.

Governments privatize industries, utilities, or services by selling them to private companies: The country privatized its national airline.

The term often appears in debates about efficiency versus public interest: Critics argue that privatizing prisons creates perverse incentives.

economic

deregulation

Removing governmental business restrictions

auctions · outsources · commercializes · liberalizes · denationalizes · corporatizes · monetizes · commodifies · restructures · shareholders

ideological

neoliberalism

Pro-market, anti-regulation ideology

capitalism · laissez-faire · deregulation · IMF · globalization · austerity · reform · liberalization · competition · efficiency

governmental

state-owned

Belonging to government

utilities · railways · telecommunications · postal · healthcare · infrastructure · enterprises · agencies · ministries · bureaucracy

critique

profiteering

Exploiting scarcity for gain

corruption · cronyism · workers · layoffs · unemployment · accountability · transparency · access · affordability · quality

Opposites
ownership transfer direction

privatizesnationalizes

Converts to public ownership

socializes · collectivizes · deprivatizes · publicizes · renationalizes

access and control

privatizesdemocratizes

Makes universally accessible

shares · opens up · publicizes · universalizes

Phrases
Family

privatization, privatized, privatize, privatizing, privatizations, privatizers

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Abstract · Everyday, not technical · Rated G