Proponents for privatization of public services such as prisons, schools, or water treatment facilities argue that competition and market forces would lead to innovation and increased efficiency for these services. This argument is associated with the economic philosophy called ______.

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The argument for privatization based on competition and market forces aligns with the economic philosophy of neoliberalism, which emphasizes free markets and limited government intervention. Mercantilism, statism, and Keynesianism all involve a greater role for government intervention in economic affairs, and would not support the privatization of public services for the sake of increased competition and efficiency.

Proponents for Privatization of Public Services Such as Prisons, Schools