Kambojaric
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Don't even have to look at Turkey. Look closer to home at K-Electric (previously KESC) and PTCL. People growing up in the 80s and 90s will attest to the fact how garbage these two institutes were, but ever since privatization these companies have really skyrocketed. There is a marked improvement in their performance and have managed to turn losses into profits. Obviously there is still margin for growth and improvement.
People who are opposed to the idea of privatization probably do so because they know they won't get jobs or freebies due to connections in these private companies now.
Agreed especially on PTCL (cant vouch for K-Electric as I have never lived in Karachi but I have heard good things about them in recent times). As for the people who oppose privatization of failed state companies, whilst many are as you say people who either directly or indirectly getting "freebies", others genuinely believe in the skewed idea that a state privatizing companies is a sign of incompetence and failure. Its the same mindset as those who refuse to accept a devaluing of the rupee because a strong rupee "shows strength of the economy". Our exports are collapsing and our products becoming less competitive in the global market, but still we insist on keeping our currency strong (The PKR is even stronger than the Japanese Yen!).