Tuesday, 12 July 2011

What's the definition of Privatization?

Wokingham Borough Council have put our library service out to tender in a effort to save £170k a year, but seems unhappy with the project being labelled as "privatisation" of our libraries, perhaps these definitions of privatisation may help to resolve the confusion:

privatize, privatise - change from governmental to private control or ownership. "The oil industry was privatized"
[source:http://wordnet.princeton.edu/]

privatisation - The process of moving from a government controlled system to a privately run, for-profit system. 
[source:www.tricolom.com/glossary.htm]

privatization The transfer of a company or organization from government to private ownership and control. [Source:en.wiktionary.org/wiki/privatization]

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