Privitization of Public Domain Assets

The final summation of an excellent statement: 

Abigail Field: Privatization Is Driven By Private Greed and Public Cowardice (and Public Greed, Too)

Cowardice And Greed

Public policy involves tough choices. Privatization deals offer legislatures and governors an easy sounding way out; let stuff happen long after they’re out of office (and hope that’s when the bad consequences hit), and get in return a big wad of cash to blow now. No need to raise taxes or cut services.
Thus often privatization advocates on the government side are simply cowards–they don’t want to raise taxes, and they don’t want to cut spending.
The greed happens on both sides. On the private side, it’s the extraordinary profit potential. On the public side, greed can also shape decisions whether through quid pro quo type corruption or revolving door corruption.
And of course, greed and cowardice are not mutually exclusive motive

In many ways privitization is like monetizing the someone else's data base.  Extraction of value from something that someone else (public sector) has and could extract the value from and do it just as well but does not for reasons that are counter to its public sector responsibility.

Public/Private partnerships work well for the private part when the public part is swindled by extraction of value.  The public side of the partnership will be long gone when the swindle goes down.