Selling Out? Privatisation in Ireland

This is the story of privatisation in Ireland - who made money, who lost money and whether the taxpayer gained. It sets the limits on privatisation - what should not be sold for money - and it shows that privatisation is about not only ownership, but also public influence and control. It proves that the Irish government has already sold out key assets, that consumers now pay higher prices and competitiveness has been lost. Examining the story of the Eircom privatisation, Sweeney shows how this triumph for 'popular capitalism' was, in fact, a hard lesson in why some state assets should never be privatised.

Sweeney quantifies the billions in gains made by the state on its investments in the state companies and how much the remaining companies are worth, and he proposes reforms to dynamise the remaining state companies to the advantage of the taxpayer, the consumer, society and the economy.