privatization

[prahy-vuh-tuh-zay-shuhn]

noun

1. the process or practice of selling something owned by the government, typically a public service such as a railway or energy network, to a private company.

Example Sentences

The whole experience got me thinking about rental culture and privatization.

From Salon

George W. Bush’s privatization plan, indeed, was conceived and promoted by Wall Street bankers, who thirsted for access to the trillions of dollars passing through the system’s hands.

From Los Angeles Times

This is in addition to cutting the National Oceanic and Atmospheric Administration’s budget and pushing the privatization of the National Weather Service.

From Salon

Under the weight of privatization, standardization and corporate influence, their democratic purpose has been hollowed out or abandoned entirely.

From Salon

Small but vocal protests took place near the event, with signs reading “No Space for Bezos,” reflecting concerns about the privatization of public spaces and the impact of high-profile tourism on the fragile city.

From Salon