Why the idea that privatisation brings benefits to people, workers and public authorities is a myth.

http://www.epsu.org/a/8967  A new booklet of EPSU describes in short chapters why the idea that privatisation brings benefits to people, workers and public authorities is a myth. It argues that:

• Public ownership is normal and widespread – and for good reasons
• Many municipalities and countries terminate the water privatisation as it has not brought the benefits claimed or made maters worse.
• New research on efficiency and performance rank public sector companies as effective and efficient performers
• Investment is key but the private sector puts in very little of its own money with the public sector having to step in

Other chapters cover price developments under private ownership and how private companies seek to limited competition through cartels as well as corruption and fraud. It further underlines that the private sector companies are not more accountable and that the fiscal gains are illusory.

Download the report here in different languages, including the following at http://www.epsu.org/a/8968 

English

French

Spanish

Portuguese

Czech

Romanian

Hungarian

Greek

Serbo-Croatian

Russian

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