“Privatization can increase the efficiency of business, restructure the branches of the economy, replenish the budget revenues.” Alexei Kudrun
This is Western hogwash. The reality is far different and very well known to citizens of Western nations or those who countries are resource-stripped by Western powers and their patron companies.
Privatization leads to new powerful oligarchs who finance candidates (or color revolutions) and change companies into unsafe, low-paying businesses. Vital maintenance and oversight are neglected to keep profits high. Employees get lower and lower wages and benefits, and are “downsized” (fired) when it suits the company. Impacts to public health from business operations are ignored. When candidates can be bought, their pick of judges can be bought, and the selection of regulatory agency directors can be bought. Privatization leaves the public with little recourse even in a court of law.
Businesses are not efficient except in the extraction of wealth for the top executives, managers, and investors.
When the debacle of privatization, asset stripping, and “democracy” occurred in the 1990s, people suffered greatly in Russia. Let Russia chart a new way and demonstrate a healthy system for the world to emulate.
Back to the 1990s? Kudrin proposes country-wide privatization
“Privatization can increase the efficiency of business, restructure the branches of the economy, replenish the budget revenues.Today, incomes from privatization are set at just over 36.5 billion rubles. It is necessary to privatize about 80 of the remaining largest companies.”