The Privatisation Argument

The Privatisation Argument Ramaswamy R Iyer THE present note has been partly occasioned by Samuel Paul's review of the international experience of privatisation (EPW, February 6), but is not a rejoinder to that article. While Paul's article is a result of research, this note is merely a piece of reasoning; and while the former does not either advocate or disapprove of privatisation, but is essentially concerned with the extent of success achieved and the factors responsible, the present note is an effort to bring out the logical implications of any proposal for the privatisation of public enterprises.