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

Cato Studies

Privatizing Federal Electricity Infrastructure

By Chris Edwards. Tax and Budget Bulletin No. 80. January 24, 2018.

Privatizing U.S. Airports

By Robert W. Poole Jr. and Chris Edwards. Tax and Budget Bulletin No. 76. November 21, 2016.

Options for Federal Privatization and Reform Lessons from Abroad

By Chris Edwards. Policy Analysis No. 794. June 28, 2016.

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.

Cato Reviews & Journals

Cleaning Out the Statutory Junk

David Schoenbrod. Regulation. Summer 2018.

Antitrust’s Unconventional Politics

Daniel A. Crane. Regulation. Summer 2018.

My Goodness, My Rent-Seeking

Tim Rowland. Regulation. Fall 2017.

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

Privatization

By Chris Edwards. July 2016.

Privatizing the U.S. Postal Service

By Tad DeHaven. April 2016.

Privatizing the U.S. Postal Service

By Chris Edwards. April 2016.