For a brief primer on the benefits of privitization, click on this excellent link which i went through some time back.
http//drclas.fas.harvard.edu/publications/revista/economy/lopez.htm
For me, the most relevant benefits of privitization are
1) inefficiencies inherent in a public organization are nearly eliminated through effective governance
2) the privitized companies become taxpayers themselves
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Arrrgh... it sure's gonna be mighty rough sailin' today ... mates!