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bd40bc7c7a Nationalized industries are prone to interference from politicians for political or populist reasons. It may also mean the government outsourcing of services or functions to private firms, e.g. Retrieved 2007-02-09. p.946. This began a massive privatization of the Soviet economy over the next few years as the country dissolved. A private company will serve the needs of those who are most willing (and able) to pay, as opposed to the needs of the majority, and are thus anti-democratic. Opinion.
^ "Why is Sector Reform So Unpopular in Latin America?" by Mary Shirley. The first is the buying of all outstanding shares of a publicly traded company by a single entity, making the company privately owned. Stiglitz, Joseph Globalization and its Discontents von Weizscker, Ernst, Oran Young, and Matthias Finger (editors): Limits to Privatisation. Cuts in essential services. Furthermore, there is evidence to suggest that extralegal and unofficial activities are more prevalent in countries that privatized less.. Many proponents do not argue that everything should be privatized. In the Public Interest, 3 June 2014.