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Partnership with the private sector
Economical 09/25/2023
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Muhammad Sharif Abu Maysam
When we talk about partnership between the public and private sectors and we are talking about a market economy system, this means that we are talking about a model that is intended to be close to the model of the welfare state whose features were drawn by the British economist John Maynard Keynes, as it relies in its economic system on the role of each of the two sectors in the development process. Financing the tax base to ensure the rights of all societal groups to provide services and distribute wealth, and to ensure access to the best health and educational services for all societal groups.
Macroeconomic trends are shaped according to what is called a social market economy based on the idea of social justice, in contrast to the system of market liberalism or the so-called “free market,” which leaves capital to manage the affairs of life until it replaces the authority of the state, under the pretext of freedom, the right of absolute ownership, and unlimited responsibility. Binding in light of what is called corporate citizenship, the power of capital is evident, which automatically replaces the power of the state.
In practice, the partnership between the public and private sectors is threatened in its procedural applications unless it is based on a robust legal system that takes into account the rights and duties of both the public and private sectors, in a legal environment in which market relations are regulated on the one hand and the relations of market elements with the public sector and the state’s administrative apparatus are regulated. On the other hand, without giving priority to one party at the expense of the other. Accordingly, many of those concerned with economic affairs have always repeated their special demand regarding announcing the form of the market economy system that we are dealing with, so that the stage of adaptation has clear features in order to establish the role of the private sector in the development process alongside the role of the government sector, and to get out of the complex of bureaucracy, and the confusion between what It is said about developing the government sector at a time when we are establishing and calling for more privatization, in accordance with what is said about the conditions of the International Monetary Fund, the World Bank, the World Trade Organization, and the US Treasury.
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