Well, I live in Honduras and the government has been trying to privatize nearly all government owned companies, and they don't work well under private enterprise either, so I personally think both government and private owned companies aren't going after anyone's interest but their own.
Example, airports, they've been privatized for a long time and we happen to have the worst airports in Central America.
So in the end the working people are always screwed anyway you go, regardless of political system or whatever.
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"Privatize"
Either they are giving government monopoly power to cronies, or government is trying to prop up an unsustainable model for services that need to be free to completely realign with market demand. I'd bet Steem that this has nothing whatsoever with actually allowing a free market to function, and the alleged "collapse" is government failure at its core.
No they are "sold" to the wealthy elites, as happens everywhere.
So, solving the problems of political plunder through more political plunder, the exact opposite of the market process.
That's exactly the problem, who owns the market?
No one owns the market. The market is the umbrella term for the effect of people engaging in voluntary associations and exchanges and the attendant property right uses and transfers.
EDIT Government is a group of people who operate through trespassing against the rights of others through coercive force using the mythology of State legitimacy. the concepts of government and market are antithetical, and government intervention in the market is always destructive and parasitic.
a big problem in LatAm is that privatization is really just granting privileged concessions to elites. Even with a privatized firm, you still have a ton of barriers to competition from both abroad and new potential ventures domestically. Even the bureaucracies inhibit competition and favor well-connected and wealthy cronies.
Nonetheless, good point in that privatization isn't a be-all end-all solution to all of the worlds problems. Freedom, transparency, and safeguards to property rights are better objectives than privatization ...they'll result in privatization, but in a healthier environment.