Privatization is supposed to change a clunky bureaucratic public service department into an efficient profitable private enterprise. However in not a few cases the privatized enterprise is very much more efficient in collecting their money, from tolls for example, rather than actually providing the service. In which case the pun of piratization is particularly apt.

Some of the prominent world leaders advocating privatization was Margaret Thatcher of UK and Mahathir Mohamad of Malaysia.