Statement on the President's Commission on Privatization
Today I am announcing my intention to appoint the 13 members of my Commission on Privatization. The Commission will help fulfill the commitment I made in my Economic Bill of Rights to end unfair government competition and return government programs and assets to the American people. Privatization follows in the great tradition of free enterprise and private ownership of property that has long been a part of American history, from the initial sale of government lands under the Northwest Ordinance to the homestead program that brought the pioneers to the American West over 100 years ago.
There are many activities that are not the proper function of the Federal Government and that should simply be left to the private sector. The American people know that in many cases the Government is less efficient than private enterprise in providing certain services. Government agencies do not have the same incentives and interests that allow the private market to provide goods and services more efficiently and effectively.
programs have the potential for bringing enormous benefits to all members of
society. Workers can be given part ownership in the newly created private
company and often receive a pay raise. The public receives better services.
Managers are free to respond to the proper incentives to build a successful
business, and competition in the free market allows others to share in the
prosperity. As recent experience in
Commission will be chaired by Professor David Linowes
It is my hope that my Commission on Privatization can take politics out of the privatization effort and propose a national policy, one that draws upon the lessons of our past successes -- such as the homestead program in the West -- that transformed the American economy into the biggest and best this world has ever seen, and a policy that calls upon the ingenuity of our free enterprise system to benefit all Americans.