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Privatisation has become the bane of so many African countries even if it pushes towards capitalism. Now we say capitalism aims at putting businesses into the hands of private individuals but then who are these private individuals? Former government personnel, people who has acquired wealth at the expense of others.
People who are opportuned to have wealth not understand what it means to forestall quality management. In Nigeria for example power is one sector that has been mismanaged over the years. Privatisation without competition directly brings Monopoly and inasmuch as the aim is to decentralise functions and makes it easier for people to have access to better servicing.
But this is not always the case. Until people can be able to access products and services in a smarter and cheaper way the aim to continue privatisating cooperate businesses and institutions will only keep favouring the owners of the business rather than the people whose interest seems to be the focal point.
Making things smarter eventually takes away the power to snuff wealth out of the masses and while some part of the government are aiming to make things smarter and cheaper for people some other parts are trying the bureaucratic process that eventually extorts and manipulate out of the little money they have. The people are how government generates income but it becomes rather strange for people to pay more to use the same unit of service being sold to them at a lower rate in the past.
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Privatised entities increases prices of goods and services not because it's not more expensive to purchase raw material but they do so simply because they feel time equals increase in prices but they don't extent this to the efficiency of their services rendered. The unchecked price manipulation by private firms is why attaining value for money has become rather impossible in Nigeria.
Inasmuch as they say privatisation is the future and an unwitting expression of capitalism I think that when everything in the economic sector become privatised it renders the government totally ineffective and creates an oligarch of individuals who controls businesses without regulations or control or the slightest of check.
The only way to control this is if the government makes it possible to share the power with privatised entities, giving more power to joint ventures and sole proprietors willing to provide services. For example in Nigeria currently the NIN registration is currently ongoing and some government personnel has used this venture to create a money making opportunity for themselves.
The issue is should this venture be privatised it would be exploited even more than it is currently. There's exploitation when the government controls means but there's even more exploitation when the means is virtually privatised. Which means that the government privatises ventures through delegated legislation because of its corruption tendencies but then privatisation isn't just the solution to this.
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Like I said in the beginning, capitalism in places like Nigeria is flawed. This is because not enough individuals have the money to build private ventures further decreasing monopoly and increasing the competitiveness out there. The Nigerian state itself already controls crude oil and is already wealthy enough.
Hence wealthy private ventures in entities like DANGOTE the patent to produce, distribute and control the influx of wealth rather than making it possible for smaller firms that produces composite goods with DANGOTE to equally flourish and provide quality competition. In reality even as how 20th-centuried the practice of capitalism feels it is exploited by powerful and rich individual. At the end of the day, the world, economic and finance begs to be totally smart so that average people can get in, make a name for themselves and forestall competitiveness.
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My name is @Josediccus, a young Nigerian student who is a Vlogger, A Psychologist, Poet And Sports Writer/Analyst. I'm using my contents as a process to create shared meaning as well as create expressions through which people on/off hive can relate. I believe content is a process to be enjoyed and relished and I'm up for any collaborations in my field stated above. Cheers
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