'privatize' is a word that is correctly used in written English
It is most commonly used to describe the process of transferring ownership of a business, service, or other entity from the public sector to the private sector. For example: The government decided to privatize public transport services, transferring ownership to a private company.
In an effort to reduce the budget deficit, Amato's government abolished the indexation of wages, rapidly decreased welfare spending (especially on health and pensions), and drew up a program to privatize leading state firms, although the privatizations were to occur only very gradually.
Water Wars: Privatization, Pollution, and Profit (2002) criticizes corporations for attempting to privatize water resources.
Today, the religious right and wealthy free-marketeers both long to privatize a system that educates 50 million students, but for different reasons.
As the New York Times reports, bank policies "pushed African governments to cut or eliminate fertilizer subsidies, decontrol prices and privatize", while agricultural aid "plummeted by 75 percent from the late 1980s to the early 1990s" and remained there until very recently.
But laying down dozens of tents and announcing that you and your friends intend to live there indefinitely always sounded suspiciously like an attempt to, in effect, privatize that public space.
GREECE continues to struggle to address its troublesome budget gap:The government will sell 49 percent of the state railroad, list ports and airports on the stock market and privatize the country's casinos, the Finance Ministry said after a cabinet meeting in Athens.
Attempts to privatize the industry had been deterred by widespread strikes and protests beginning in 1999.
In a major policy turnabout in 1990, reflecting events in eastern Europe and the Soviet Union, the intention to partially privatize the parastatals was announced.
When the Greek government sought to privatize education in 1990 91, Tsipras led a protest occupation of his high school that lasted several months.
In addition, the program to privatize former state farms since the 1980s caused legal wrangling over landownership.
Mozambique joined the World Bank and the International Monetary Fund in 1984 and adopted their demands to privatize the economy under a structural-adjustment program.
