Privatisation will lead to less corruption.

Arguments towards the topic

Privatization of business means transfer of ownership to private parties rather than public. Privatisation makes any business to keep the people in discipline by making every person sharing their hand in responsibility and accountability. Thus, the corruption that exists in a prolific pattern in public sector is not seen in private sector, due to the fear of losing one’s job. As the private organizations makes individualistic pattern more powerful rather than collective decision and decision making is done in a fast pace, any negligence towards the work will attract penalty or punishment. This type of working culture encourages good work culture by avoiding corruption. Privatized organizations collectively work to make profits and any type of in-disciplinary action will be punished. The accountability further creates an opportunity to increase an individual’s working knowledge and skills. Few factors which curbs corruption through privatization are:

• Performance orientation-increases knowledge and skills of the employee.
• Marketability scope-increases production by providing more functions.
• Least Political Influence-helps in free decision making.
• Accountability-makes responsible.
• High salaries-controls easy money making attitude.
• Increased job satisfaction-controls corruption and increases productivity.

Arguments against the topic

Privatisation dents the constitutional values of our country, as it doesn’t want to make private solely responsible for management and maintenance of organizations. Due to privatisation, concentrate of wealth in few business people takes place and the public will suffer with accountability deficit on human norms. The factors which lead to dissatisfaction for privatisation are:

• Monopoly-results in dominance of businessmen.
• Liberty-which causes unaccountability.
• Risk-decisions taken may tumble the business.
• Insecurity among employees-due to no permanency of employees continuance.
• Dissatisfaction-due to low number of welfare facilities
• Rise in corruption-above all factors aggravate the corruption.

Both the public and private sectors have the risk of rising corruption. The view that, privatisation will lead to less corruption should not be taken for granted. However, the policies framed by our rulers and the procedures with which these social evil is tackled is the main concern with which corruption can be wiped out of the society.

courtesy

;-Career Nirvana