The good is that it helps to take some of the burden off of some of these public entities that cannot sustain without help. Privatization also increases competition instead of a monopoly. There are people, businesses, and government all for privatization and then you have people, businesses, and …show more content…
Cities were in fiscal crisis and facing declining revenues and The Great Society Welfare programs increased cost for cities. By the 1980’s Ronald Reagan was elected President. This is when privatization grew and became more popular. In 1987 Reagan’s budget proposal included sales of federally owned airports, railroads, power agencies, and weather satellites. He was successful in privatizing the northeastern freight railroad. Also in 1987 Reagan created the President’s Commission on Privatization. This was created to develop a plan to privatize federal functions such as prisons, education vouchers, Amtrak, and other federal functions. The Reagan era was the big push for privatization which continued to grow and got more popular. In the 1990’s more big corporations were seeking out contracts from the