Privatizing: A Social Milestone or Millstone?

Download or read book Privatizing: A Social Milestone or Millstone? written by Herbert Siegel and published by Universal-Publishers. This book was released on 2003-11-01 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: When politicians redistribute public wealth by privatizing State-Owned Enterprises ( SOE ), they divest themselves of public accountability, and profoundly affect laws, economics, and social behavior. Data gathered from respondents in twenty-eight countries including lawyers, investment bankers, bureaucrats, and educators, identify beneficiaries and victims of privatizing processes. Results are then explained by statistical analysis, concluding with compensatory arrangements that can humanize privatizing.