privatization

Examples of privatization in the following topics:

• Facilitating Private-Voluntary Associations

  • A second function of government is to facilitate private-voluntary associations.
  • A contract is a legally enforceable agreement, and government encourages private-voluntary associations chiefly through laws regarding contracts.
  • Of course, not all private agreements are enforceable.
  • Without government, terms of voluntary associations would only be enforceable by the parties and their private associates, a messy and inefficient process at best.
  • It is no exaggeration to say that private enterprise rests on public foundations.

• The Impact of Court Decisions

  • Privatization is government outsourcing of services or functions to private firms.
  • In competitive industries with well-informed consumers, privatization consistently improves efficiency.
  • Studies show that private market factors can more efficiently deliver many goods or service than governments due to free market competition.
  • Many proponents do not argue that everything should be privatized.
  • Likewise, private goods and services should remain in the hands of the private sector.

• Introduction to the Four Functions of Governmen

  • For most people the general undesirability of private-involuntary associations (robber-victim, air polluter-victim) and of compound-involuntary ones (the Nazi extermination campaign against Jews, military conscription, arbitrary economic regulations) is implicit in the examples we have adduced.

• The Third Amendment

  • The Third Amendment to the United States Constitution prohibits, in peacetime or wartime, the quartering of soldiers in private homes without the owner's consent.
  • The Third Amendment protects citizens against the quartering of soldiers in private homes.

• Privatization

  • Privatization is the process of transferring ownership of a business from the public sector to the private sector.
  • Privatization can have several meanings.
  • Privatization has also been used to describe two unrelated transactions.
  • The first is the buying of all outstanding shares of a publicly traded company by a single entity, making the company private.
  • This is often described as private equity.

• Private, Public, and Compound Associations

  • A private association is one which is not a government and is made up of parties none of which is itself a government.
  • Governments, clearly, are not private as defined here, and this is obviously as it must be given the usual connotation of the word "private".
  • Nor are associations between another one government and another private.
  • The association between husband and wife is private, since (a) neither of them is a government, and (b) their marriage does not constitute a government.
  • Thus the US government may hire an individual to work for the Department of Justice or it may buy jet fighters from a private corporation.

• Minimizing Private Sanctions

  • First, government protects us from private-involuntary associations.
  • Through law, it attaches artificial side effects to private actions constituting such associations, thus making them less attractive options.
  • Law can also be regarded as a price system calculated to run private-involuntary associations off the "market" by making them too "expensive".
  • Thus government's function is not to eliminate private-involuntary associations but to minimize them.

• Public and Private Bureaucracies

  • Public and private bureaucracies both influence each other in terms of laws and regulations because they are mutually dependent.
  • Means, The Modern Corporation and Private Property (1932), he detailed the evolution in the contemporary economy of big business.
  • Today, the formation of private bureaucracies within the private corporate entities has created their own regulations and practices.
  • However, private bureaucracies still have to comply with public regulations imposed by the government.
  • In addition, private enterprises continue to influence governmental structures.

• The Right to Privacy

  • The Right to Privacy was an article that advocated for the protection of a citizen's private matters.
  • It is a tort based in common law allowing an aggrieved party to bring a lawsuit against an individual who unlawfully intrudes into his or her private affairs, discloses his or her private information, publicizes him or her in a false light, or appropriates his or her name for personal gain.
  • Then the authors point out the conflicts between technology and private life.
  • Intrusion of solitude: physical or electronic intrusion into one's private quarters
  • Public disclosure of private facts: the dissemination of truthful private information which a reasonable person would find objectionable

• The Rule of Law

  • Government is a system for keeping the lid on problems posed by private-involuntary associations.
  • Government-as-bandit imposes sanctions on people in an unprincipled way, and all of the arguments against private-involuntary associations apply even more strongly when the bandit is government itself.