Privatization (also spelled privatisation) is the incidence or process of transferring ownership of a business, enterprise, agency, public service or property from the public sector (the state or government) to the private sector (businesses that operate for a private profit) or to private non-profit organizations. The term is also used in a quite different sense, to mean government out-sourcing of services to private firms, e.g. functions like revenue collection, law enforcement, and prison management.

The term "privatization" also has been used to describe two unrelated transactions. The first is a buyout, by the majority owner, of all shares of a public corporation or holding company's stock, privatizing a publicly traded stock, and often described as private equity. The second is a demutualization of a mutual organization or cooperative to form a joint stock company.

There are four main methods^{[citation needed]} of privatization:

Choice of sale method is influenced by the capital market, political and firm-specific factors. SIPs are more likely to be used when capital markets are less developed and there is lower income inequality. Share issues can broaden and deepen domestic capital markets, boosting liquidity and (potentially) economic growth, but if the capital markets are insufficiently developed it may be difficult to find enough buyers, and transaction costs (e.g. underpricing required) may be higher. For this reason, many governments elect for listings in the more developed and liquid markets, for example Euronext, and the London, New York and Hong Kong stock exchanges.

Pierre Desproges (May 9, 1939 – April 18, 1988) was a French humorist. He was famous for his elaborate, eloquent and above all, virulent diatribes criticizing anything and everything. He was born in Pantin, Seine-Saint-Denis. According to himself, he made no significant achievements before the age of 30. From 1967 to 1970, he worked as: life insurance salesman, opinion pool investigator, "lonely hearts" columnist, horse racing forecaster, and sales manager for a styrofoam beam company.

From 1970 to 1976, he worked for the newspaper L'Aurore. Starting in 1975, he became a "reporter" on Le petit rapporteur (The Little Snitch), a satirical TV show hosted by Jacques Martin . He caught the public's attention with unconventional interviews of celebrities, among them novelists Françoise Sagan or Jean-Edern Hallier.

He appeared for the first time on stage at the Olympia theater during a Thierry Le Luron show. Among other things, he became very famous for his Chroniques de la haine ordinaire (Chronicles of Ordinary Hatred), a 1986 radio show.