2013년 4월 3일 수요일

공기업 민영화에 대하여 (영문)

공기업 민영화에 대하여 (영문)
공기업 민영화에 대하여 (영문).pptx


목차
1.Private enterprise good, Public enterprise bad?
2.State vs private
3.State-ownedsuccess stories
4.The case for state ownership
5.The pitfalls of privatization

본문
Under capitalism, man exploits man; under communism, it is opposite.

☞ The key goal of the communist movement
The abolition of private ownership of the ‘means of production’ such as factories and machines.

☞ Why?
They believed that it was the reason for the ‘wasteful’ anarchy of the market.
 

However

The planned economy based on state ownership of enterprises performed very poorly.


☞ State ownership in the dock
Why do the Bad Samaritans think state-owned enterprises need to be privatized?

People do not fully take care of things that are not theirs

Ownership gives the owner two important rights to its property.


☞ Dispose of it.

☞ Claim the profits from its use.

Problems


‘principal-agent problem’

‘free-ride’

‘soft budget constraint’


☞ ‘principal-agent problem’

Even if there are some firms which are managed by their majority owners but most of them are managed by hired managers because they have dispersed share ownership.


☞ ‘free-ride’

Because of that, individual shareholders will not have enough incentive to monitor the hired managers like state-owned enterprises.


☞ ‘soft budget constraint’
Private firms can also expect subsidies or even government bail-outs.

When we are out to make a buck and
believe in the state when we are about
to lose a buck.

From foreign banker


본문내용
enterprise bad?
John Kenneth Galbraith
Under capitalism, man exploits man; under communism, it is opposite.

Private enterprise good, Public enterprise bad?
☞ The key goal of the communist movement
The abolition of private ownership of the ‘means of production’ such as factories and machines.
☞ Why?
They believed that it was the reason for the ‘wasteful’ anarchy of the market.


Private enterpr
 

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