I think the naysayers to privatization need to look @ today's economic power houses that produce 70 % of the world output & then say it is does not work
US,Germany , Japan , South Korea
Do you really think Toyota , Apple , BMW , Microsoft would really produce world class products if they were state owned ?
I think the GDP of the soviet union was less than Apple gross revenues
Name some great efficient state owned and operated companies that produce world class products and are an example of efficiency THEY DO NOT exist
USA - When it was prospering the industry was either funded directly by the state or heavily subsidises/aided by it. Today the auto industry, banking and financial sector and their airlines are all surviving on borrowed time and will go under if not given state aid. Manufacturing in general has little chance of survival. The American healthcare and educational sectors are very inefficient, they cost more and 'produce' much less than their state owned equivalents in other countries.
The USA is the worst example of capitalism. It has given up its democracy and stepped on human decency to achieve success for a few. It is, in fact, a corporate dictatorship soaked in innocent blood and tears. They are a failed society in all regards and their demise is imminent. But, yah, they have iPad and Google and Dr. Phil.
Germany - Strong industrial sector that was initially established by the National Socialists. The German auto industry, their pride and joy, is a sector that prospered the most under state control. If you remember, their industry was also bailed out by the people not too long ago. Germany is the best that the western world has to offer though, I'll give you that.
Japan - Their economy is not doing that great and has been on a downward slope since the 80s. Their industrial sector is strong but, again, it was built essentially with western aid after the war. If Iran opened up to the great Satan this could be an option for it as well, but lets hope not.
South Korea - Same as above. They are held hostage by the west though and are being put against their own brothers. Their success is one that breaks down in the shower and cries itself to sleep at night, so to speak.
Now, lets compare to China - All modes of production belong to the state and needless to say they are doing fairly well.
Even the relatively failed USSR achieved a feat beyond what anyone ever imagined. They turned the most impoverished, uneducated and culturally backwards peasant societies into industrial powerhouses. And did all this despite relentless opposition by world powers. Ever since the introduction of capitalism to these societies they are virtually sprinting back towards the dark ages. Where is Russia today, buddy, and how did it get there?
...and Cuba. Free and universal healthcare and educational system. One of their main exports are doctors. Seriously, they train people from all over the developing world for free with the only demand that they return to their peoples and help. This is progress. They are a tiny island standing up to the worlds powers and they still find time to help others. Brings a God damn tear to my eye. Viva Fidel.
Now, you may think that I am biased and to some extent that is of course true, but, I also base my ideas on what is actually being said by many leading economists. Capitalism will only benefit people when it is heavily regulated and where there is a large state sector. The laisses fair policies that brought the west to its knees are being re-examined as the downsides of the growth-driven, consumerists, society are being felt. What is the end objective of human effort, is it to work longer hours, give up more rights, ruin the environment to achieve a higher material standard, or is there another alternative?