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Re: On privatisation of public sector



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Administrative Note:
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Week's Agenda: Economy
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There is enormous comparative work in this area done by the World Bank and
others, on the experiences good and bad of e.g. the UK, the Czech Republic,
Russia etc.
In India a lot of "nationalization" occurred when private capital had made
bad decisions and were unprepared to take losses;  these costs were then
transferred to the taxpayer;  now the likely candidates for privatisatiuon
would be the relatively profitable enterprises, where the same private
capital interests who had made the bad decisions might well reap the
benefits of the public sector for a song.  Sometimes a quasi-Marxist
position of collusion between private capital and Government is the only way
for a classical liberal to make sense of Indian facts!  SR



-----Original Message-----
From: Puneet.Singh@cinenet.net <Puneet.Singh@cinenet.net>
To: debate@indiapolicy.org <debate@indiapolicy.org>
Date: Monday, October 12, 1998 06:56
Subject: privatisation of public sectors

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