Is privatization a positive step for society?

 We live in a capitalist society and as such we rejoice in the freedom of the market place. The standard argument of greater efficiency and lower taxes in the bait used to convince people that privatization is in their interest; or is it? Professor Reich argues that their are 5 reasons to privatize. Evaluate the rationale provided and ask yourself if it holds true or not. You can find his video here.  For more information, Professor Chomsky, a world renowned intellect adds his reasoning to whether or not privatization is a natural phenomenon of capitalism or if it makes capitalism less appealing for the common good and his video can be found here.  Take a position on privatization and support your thesis using course activity and link/s you have found.