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Wiki:Privatisation pro's and con's

27 Jun 2010, 17:10

Privatiation is the incidence or process of transferring ownership of a business, enterprise, agency or public service from the public sector (government) to the private sector ("business"). In a broader sense, privatisation refers to transfer of any government function to the private sector - including governmental functions like revenue collection and law enforcement.

The term "privatisation" also has been used to describe two unrelated transactions. The first is a buyout, by the majority owner, of all shares of a public corporation or holding company's stock, privatising a publicly traded stock, and often described as private equity. The second is a demutualisation of a mutual organisation or cooperative to form a joint stock company.

http://en.wikipedia.org/wiki/Privatization

Re: Wiki:Privatisation pro's and con's

27 Jun 2010, 17:40

I like this bit:

However some Austrian school economists and anarcho-capitalists would prefer that every function of the state be privatised including defence and dispute resolution.

If indeed we do have some Austrian school economists and anarcho-capitalists amongst us tonight, it could well be a lively debate.

Re: Wiki:Privatisation pro's and con's

27 Jun 2010, 17:48

mises.org.
All about the Austrian school of economics.
Houses with long pathways would pay £1 per item extra.

Re: Wiki:Privatisation pro's and con's

27 Jun 2010, 18:10

What about these:

Their recommendations are similar to, but further reaching, than the minarchist ideas of Chicago school economists.

Is someone making all this s**t up?

Re: Wiki:Privatisation pro's and con's

15 Jul 2012, 18:44

when is royal mail going to be priviated. someone said its from next year 2013.
:nana :nana :Boo hoo!

Re: Wiki:Privatisation pro's and con's

15 Jul 2012, 19:33

fionalou wrote:when is royal mail going to be priviated. someone said its from next year 2013.
:nana :nana :Boo hoo!

Only when someone is willing (or indeed able) to buy us.

Re: Wiki:Privatisation pro's and con's

16 Jul 2012, 12:35

DGP1 wrote:
fionalou wrote:when is royal mail going to be priviated. someone said its from next year 2013.
:nana :nana :Boo hoo!

Only when someone is willing (or indeed able) to buy us.


Don't forget it could be a share issue - just tell Sid not to buy.

Re: Wiki:Privatisation pro's and con's

21 Oct 2012, 14:08

We are being so badly managed that whoever is stupid enough to buy us, would be buying a basket case. For example,far to much property and land is being sold off that we will not be able to cope.:nana :crazy:

Re: Wiki:Privatisation pro's and con's

21 Oct 2012, 14:25

barbario wrote:We are being so badly managed that whoever is stupid enough to buy us, would be buying a basket case. For example,far to much property and land is being sold off that we will not be able to cope.:nana :crazy:

We're not able to cope now...............but then it's all our fault :nervous

Re: Wiki:Privatisation pro's and con's

27 Oct 2012, 21:28

barbario wrote:We are being so badly managed that whoever is stupid enough to buy us, would be buying a basket case. For example,far to much property and land is being sold off that we will not be able to cope.:nana :crazy:


In the case of privatisation, out of town property will be bought cheaply by loading debt (currently at low interest rates) onto the company. This will facilitate bigger regional delivery offices to be built and the closure of local delivery offices which are often in high value locations. The proceeds from theses sales will go directly into the coffers of the new owners.

The Austrian School has no influence whatsoever in present-day economics where the wealthy elite control the political class to use the state to protect and serve only their interests.

Re: Wiki:Privatisation pro's and con's

31 Oct 2018, 10:37

freelunch wrote:
barbario wrote:We are being so badly managed that whoever is stupid enough to buy us, would be buying a basket case. For example,far to much property and land is being sold off that we will not be able to cope.:nana :crazy:


In the case of privatisation, out of town property will be bought cheaply by loading debt (currently at low interest rates) onto the company. This will facilitate bigger regional delivery offices to be built and the closure of local delivery offices which are often in high value locations. The proceeds from theses sales will go directly into the coffers of the new owners.

The Austrian School has no influence whatsoever in present-day economics where the wealthy elite control the political class to use the state to protect and serve only their interests.

THIS IS EXACTLY WHAT HAS HAPPENED. GOOD CALL. :thumbup

Wiki:Privatisation pro's and con's

31 Oct 2018, 11:40

Doesn't matter if you come from Austria to Zambia, money talks and that will never change.
Naive to believe it would/could ever be any different.

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