You don’t like when the guv’mint goes running businesses that could be more efficient under the control of businessmen. After all, look at the Post Office.
So you want those public companies...owned and operated by that government...to be privatized.
That process of turning state assets, government agencies, or firms run by cities into private firms is known as corporatization. Historically, privatization has proven to offer improvements in performance.
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Finance: What is a Corporation?89 Views
Finance a la shmoop what is a corporation? corp-o-ration.. [Mouth saying syllables of corporation]
see the Corp in there? well it's latin short for corpse or
body so a corporation may or may not be cold and covered with maggots [Man disguised as a corpse wakes up and screams]
corporations are just legal bodies they're generally set up so that
there's a clear legal distinction between things and individual does and
things that the company she works for does let's say you want to set up your [mime artists at the window of a shop]
own mime training studio brother can you spare a mime, but then you hit a wall
one of your mime trainees becomes badly injured while trying to get out of a [mime trainee gets injured while attempting to get out of a glass box]
glass box and you get sued you lose..wow you're totally speechless so your
corporation which was basically just you ten grand in the bank and a hat rack [Laptop showing $10.000 in the bank beside a hatrack]
full of berets well it loses everything you turn over your 10k to the sue-er
the one who sued you and you dust off your hands and move on try new venture [mime dusts off hands]
tapping into your prior experience as a mime therapist well legally the guy who
sued you while working for the corporation can't sue you personally
your $350,000 home is untouchable yeah who knew miming paid so well same deal [Mimes $350,000 home]
on that untouchable-ness of your Prius and the untouchable-ness of your
collection of invisible ropes, the legal body of the corporation threw itself on [Mime pretending to move along an invisible rope]
the landmine of your lawsuit and took the blow while you just walked away [Mime artist moon-walking off stage]
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