Privatization works in conjunction with de-regulation. Privatization can stimulation an increase in economy by giving the new owners a greater reward; profit (Hill, 2013). The public interest is handed over to private owners. Most of our utilities are publicly owned. Our government pays a contractor to provide the public service. Many people believe by privatizing all of our utilities, our economy will grow. Privatization comes with risk especially with public utilities. Once the utilities are privatize, consumer lose the ability to request and view important information as it relate to the privatize function; no forum to voice opinion and publicly shout out of the decision-making process. The services and structures are no longer controlled by our government, who is accountable to the public. The public become beholden to the company who now owns the product or services.
Hill, C. W. L. (2013). International business: competing in the global marketplace (9th ed.). New York, NY: McGraw-Hill/Irwin