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The Privatization Initiatives of the 1980s

2023-08-28 13:57:11

Privatization is not a new phenomenon that has had positive and negative impacts on the government for many years. Privatization is the process by which the government sells state-owned enterprises and personal assets and operating assets. "In the UK under the guidance of the Thatcher administration, the era of privatization began in the early 1980s" (p.3) "The focus on privatization derives from the ideological belief that competitive markets can be allocated The sale of assets during the first decade of privatization brought the government income of more than £ 15 billion.

In the 1980s, privatization caused a wave of optimism that the Reagan administration promoted a small government. While countries around the world are adopting privatization of essential services from utilities to transportation, there remains the question of whether profit-focused policies will delay people, especially the most vulnerable people . Let's see Chile as an example of privatization mechanism. Milton Friedman successfully sold his radical free market policy to the dictator Augusto Pinochet. Friedman's "Chicago Boys" eagerly abandoned the democratically elected El Salvador Agende's work after his death, and Pinochet took power through the coup d'etat. Public property is auctioned at an astounding rate. Together with the enormous wealth created by auctioning public services, deregulation in the financial and trade sectors has created debt crisis, corruption and inequality. The most important thing is that the unemployment rate soared.

Ronald Reagan's election in 1980 was a conservative opportunity to reduce the size of the government and privatize public services. Reagan did not run a clear privatization platform, but he accepted that idea and became the center of his agenda once chosen. The government began to make concrete recommendations on the sale of government assets. He also opposed Friedman's argument that adopting the term "privatization" would make privatization a rhetorical improvement, using only personal means to pursue public objectives.

Therefore, privatization has played an important role in the attempt of the state to cope with overcrowding and to improve the condition of the prison. In the mid-1980s when Congress initiated the privatization initiative, the Texas Prison System became one of the largest prison systems in the country and its scale expanded over the next few years. By the middle of 2000, the number of prisoners in Texas increased to 163,500, which was 1000 less than California's largest remediation system.