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Privatization will lead to less corruption

For

• People out of fear of being noticed very fast may be less corrupt.

• It reduces prices of goods and has less interference of government.

• There is a close relation between employees and managers. They both work together in order to maximize profits in the correct way. Certainly, if there are profits, corruption will be less.

• Salaries of people are high as compared to government sector. People are constantly motivated. This reduces the changes of bribes etc.

Against

• Privatization gives more liberty to people.

• Privatization will introduce more risk. More risk means people to save their assets will certainly get into corruption by any means.

• Privatization may lead to monopoly. People are free to make any sort of “Adjustments”.

• Corruption as a matter of fact has got nothing to do with public or private sector. It entirely depends on the people.

• Privatizing a sector is not the solution. People are corrupt in almost all hierarchies.

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