OP-ED: The conundrum of privatization

Privatizing everything does not solve the problem of meeting people’s needs Recently, our government has decided to hand over operations of 25 state-owned jute mills to the private sector. The state-owned jute mills were shut down in 2020 after incurring monetary losses for many years. These jute mills are now to be leased out to private companies instead of resumption of operations under the Bangladesh Jute Mills Corporation or any other government institutions. Similar privatization drives in other sectors took place previously and some are performing better. Nonetheless, there is more to look for than just what meets the eyes.