Privatization

Disciplines: Economics, Political Science

Explanation and/or justification of shift of functions from government to market.

Services are better provided and functions better carried out by market enterprises than by public bodies.

At the same time the expectations of citizens are shifted from political solutions - which are collective - to economic ones, which are individual.

Also see: laissez-faire, mercantilism, nationalization, physiocracy

Source:
Andrew Gamble, The Free Economy and the Strong State (London, 1988)

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