The view that private ownership is superior to state ownership in economic policy making is known as the:

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The view that private ownership is superior to state ownership in economic policy making is known as the Washington Consensus. The term was first used in the 1980s to refer to a set of economic policies supported by the US government and international financial institutions, such as the World Bank and the International Monetary Fund. The Washington Consensus called for economic liberalization, privatization, and free market policies as the best means of promoting economic growth and development. While the consensus has been criticized for its neglect of social and environmental concerns, it remains a dominant economic model in many countries.

The View That Private Ownership Is Superior to State Ownership