Monday, May 7, 2012

Privatization will lead to less corruption.

Points to be known:-
  • Privatization is the incidence or process of transferring ownership of a business, enterprise, agency or public service from the public sector to the private sector.
In Favor:-
  • Employees of private companies are given high salaries, so they are much more motivated to work, and less interest on corruption.
  • Private companies take immediate action on those who take bribe. This creates fear in employees to take bribe.
  • If we take private airports, they take more care to keep them clean and to provide more facilities.
  • Private companies have competitive spirit. So, they offer more features to public.
  • Through privatization, our country's GDP increases from the taxes.
In Against:-
  • There is no guarantee that privatization leads to less corruption, because there are some companies in the news which did scam.
  • The cost of products increases by privatization.
  • If we take private petrol bunks, even though they keep petrol bunks clean, they charge high than the bunks under government control.
  • Our rights of demanding decreases by privatization.
Conclusion:-
                 Corruption does not depend on whether it's private or government, it completely depends on individual's attitude. But by privatization, we can reduce corruption up to some extent.

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