GM just punted a thousand workers, who will be gone by November.
The balance between publicly managed services and institutions and the private sector is a continuous debate in capitalist societies. Many argue that private management is more efficient than public management. Pros and cons of privatization Pros: In a private system, public users become customers, and theoretically private companies are customer oriented, which should have the effect to improve the quality of service.
In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance (OASDI) program and is administered by the Social Security Administration. The original Social Security Act was signed into law by President Franklin Roosevelt in , and the current version of the Act, as amended, encompasses several social welfare and social. This story was originally published on the discussion forum Expatexposed.. A US migrant in New Zealand tells how grinding penny pinching becomes a way of life in NZ with nothing to compensate it, rather than a short term measure to get ahead. Read pros, cons, and expert responses in the debate. U NDERSTAND T HE I SSUES. Should Social Security Be Privatized? Pro & Con Quotes; Readers' Comments (80) I believe we need to promote a work ethic and discourage the welfare mentality. I believe privatization promotes that self-determination. Social Security is multilateral.
Decisions in private companies are less susceptible to be influenced by political or electoralist motives. This funds could be invested in other services or public needs.
Many public services are natural monopolies railroad, or water distribution for example. Private monopolies tend to be inefficient and expensive, so it may be better to keep those services public.
Profit driven services can be incompatible with public welfare. Government intervention For example, a private health insurance could refuse to insure people with higher health risks because of previous illnesses while a public service would cover everyone.
Services such as education, health, security or public transport may perform worst if privatized. There can be abuses such as the case of private telecommunication operators charging excessive roaming fees.
Privatization may also transfer income from public budget to private hands. If a service was profitable, the privatization takes away resources from government that could be used to fund other public services.More about Pros and Cons of Privatization Essay Comment on the pros and cons of privatization of social welfare services in Hong Kong society.
Use the “LINK-REIT” as an example to illustrate your answer.
1. The main examination shall include compulsory subjects and one optional subject.
Before this main examination a preliminary objective type examination based on multiple choice questions is to be conducted, the papers / syllabus and pattern of which will be as prescribed in Appendix-V. is and in to a was not you i of it the be he his but for are this that by on at they with which she or from had we will have an what been one if would who has her.
From solid waste pickup to charter schools, privatization has invaded every service that falls under the local government umbrella.
Now one of the phenomenon's leading authorities, E. S. Savas, has published "Privatization and Public-Private Partnerships," a book that takes a look at the changing face of privatization, the pros and cons of .
The views expressed are those of the author, Garth Turner, a Raymond James Financial Advisor, and not necessarily those of Raymond James Ltd. It is provided as a general source of information only and should not be considered to be personal investment advice or a solicitation to buy or sell securities.
topic 6: comment on the pros and cons of privatization of social welfare services in hong kong society. use the "link-reit" as an example to illustrate your answer.