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Compare the benefits and risks in re-privatizing state-owned industries?
Wiki User
∙ 10y ago
The benefits include opening state-owned companies up to free market competition and price transparency, almost always leading to favorable price/profit decisions for the company, inevitably leading to higher costs for the company's customers. particularly in energy, communications, and other "utility" services. Re-privatizing companies is usually a state-s;pponsored action to give up the state control of industry in the prospect of generating additional revenue and private sector investment, satisfying corruption needs, or similar reasons. In some cases, re-privatizing companies is undertaken when state sponsors have ruined the companies, sucked them dry, or have so mismanaged them that privtizing is the only potentially saving outcome. See Russian oil and gas, same for Venezuela, and SO MANY other countries.
Wiki User
∙ 10y ago
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