San Antonio Business Daily

privatization?

what are the pros and cons of privatization and what would it do to tax payers?

Public Comments

1. privatization is movement to free trade market. if it's done properly and wisely, the government acquires significant resources to invest in social issues or infrastructure. if not, the people in charge sell assets to their friends for pennies. it shouldnt necessarily affect tax-payers, if the company privatizing a government asset pledges to act responsibly [like not polluting the environment, not firing people, not creating a monopoly]
2. Privatization would: 1. Reduce taxes that used to pay for inefficient and loss making public sector. 2. Would increase productivity and production and create more wealth for the economy 3. Will reduce prices due to competion Cons - 1. Retrench some workers and would call for retraining and redeployment and compensation for retrenched people