In recent decades, governments on every continent have sold state-owned assets, such as airports, railroads, and energy utilities. The privatization revolution has overthrown the belief widely held in the 20th century that governments should own the most important industries in the economy. Privatization has generally led to reduced costs, higher-quality services, and increased innovation in formerly moribund government industries.

More on Privatization

Commentary

Free India’s Government from the Shackles of the State

By Swaminathan S. Anklesaria Aiyar. Financial Times. July 9, 2014.

Cut Federal Highway Spending

By Chris Edwards. National Review (Online). July 8, 2014.

Firing Veterans Affairs’ Eric Shinseki Was Only the Start: Give Vets Choice and Competition in Choosing Health Care

By Doug Bandow. Forbes. June 2, 2014.

Cato Studies

The Dead Hand of Socialism: State Ownership in the Arab World

By Dalibor Rohac. Policy Analysis No. 753. August 25, 2014.

Privatizing the Transportation Security Administration

By Chris Edwards. Policy Analysis No. 742. November 19, 2013.

The Subprime Lending Debacle: Competitive Private Markets Are the Solution, Not the Problem

By Patric H. Hendershott and Kevin Villani. Policy Analysis No. 679. June 20, 2011.

Articles

Privatizing Waterworks

Steve H. Hanke. JHU Global Water Magazine. January 16, 2011.

Public Filings

NASA and Mission to Planet Earth

By Edward L. Hudgins. Testimony. March 19, 1997.

Postal Service Privatization

By Edward L. Hudgins. Testimony. April 30, 1996.

Events

Mission Creep at the TSA and the Case for Privatization

Featuring Jim Harper and Chris Edwards. November 14, 2013. Capitol Hill Briefing.

The End Is Near and It’s Going to Be Awesome: How Going Broke Will Leave America Richer, Happier, and More Secure

Featuring Kevin Williamson and Michael D. Tanner. May 23, 2013. Book Forum.

Economic Reforms in Egypt

Featuring . April 12, 2007. Policy Forum.

Downsizing the Federal Government

Privatizing the U.S. Postal Service

By Tad DeHaven. November 2010.

Privatization

By Chris Edwards. February 2009.