Despite Prime Minister Junichiro Koizumi's claims that privatization is a concept undergoing a rethink and should be considered carefully before implementation, the truth is privatization has been thriving for some time abroad.
The administration of Margaret Thatcher offered many noteworthy programs that have impacted over 100 countries and made privatization part of their core economic and financial strategies. In fact, in major countries such as France and the United Kingdom, the conversion of nearly all government organs capable of being privatized is basically complete.
As this article will attempt to show, the undeniable success of proper privatization should recast the current debate on "Why privatize?" to "Why not privatize?"