search query: @author Moore, J. / total: 21
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| Author: | Moore, J. |
| Title: | British privatization - Capitalism to the people |
| Journal: | Harvard Business Review
1992 : JAN-FEB, VOL. 70:1, p.115-124 |
| Index terms: | PRIVATIZATION UNITED KINGDOM CAPITALISM COMPANY OWNERSHIP COMPANY PERFORMANCE CONFLICT |
| Language: | eng |
| Abstract: | The collapse of command economies makes the rise of capitalism inevitable. The question facing ex-socialist governments is not whether to introduce free economic institutions but only how to go about it. Privatization is not only an end in itself but also serves an educational function by transforming public attitudes toward ownership and economic responsibility. The state is a poor manager of industry for three principal reasons. Privatization produces greatly improved company performance, but in the course of privatizing, conflicts arise. UK privatizers also had to generate a huge new demand for shares and overcome an inbred resistance to the private ownership of industry. |
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