Rethinking Municipal Privatization (New Political Economy) by Oliver D. Cooke

By Oliver D. Cooke

This publication examines the most high-profile municipal privatizations—the privatization of recent York City’s relevant Park. The monetary problem of the Nineteen Seventies demonstrated the political and cultural starting for privatizations, that have been justified at the foundation of accelerating potency. despite the fact that, as Cooke demonstrates, those justifications have been intentionally ignorant of the social and financial implication of privatization. This attention-grabbing account strikes past the hackneyed professional- as opposed to anti-privatization debate through reconceptualizing the park’s privatization as an ensemble of contradictory classification results. It additionally highlights the gigantic theoretical and coverage house for noticeably reconsidering and rethinking privatization procedures in either the municipal and worldwide contexts.

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Contributions to the literature from psychology, psychiatry, urban studies, geography, medicine, law, sociology, to name but a few, became increasingly common. While academic research continued to broaden the terrain of the discourse during the 1990s, a vast non-academic literature also mounted. In many cases, this research was carried out by government comptrollers and auditors, management consultants, policy think tanks, and labor unions. Not surprisingly, a significant portion of this literature represented reversion back to the discourse’s original hegemonic concept, namely, the efficiency/cost calculus.

Bureaucratic government organizations fall short on many other counts. . They have trouble, for instance, with tasks that require flexibility, rapid change, customer responsiveness, and extensive customization of services. The private sector is almost the opposite. . 38 Subsequent to Osborne’s and Gaebler’s book there was a veritable tidal wave of academic literature on privatization produced during the 1990s. Not surprisingly, this body of literature continued to widen the discourse’s terrain.

Agents’ behavior thus reflects the environmental constraints under which it is enacted and thereby produces rational, efficient outcomes. The presence of a competitive environment is thus essential to the efficiency conclusions that flow from the Walrasian general equilibrium framework. The inefficiency held to characterize the production of municipal goods and services is thus (it is assumed) a reflection of the absence of the conditions necessary for a competitive environment. Above all, municipal privatizations are meant to replicate or generate a (more) competitive environment.

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