“There are two distinct senses of ‘privatization’: (1) The government has one of

—“There are two distinct senses of ‘privatization’:

(1) The government has one of its traditional functions performed by private businesses rather than civil servants.

(2) The government abandons the idea of performing some traditional

function altogether, and leaves it to the private sector to sort things

out.”—

I am not sure, but i think this qualifies as a third:

(3) a heretofore commons such as land, radio-spectrum, or seas, is sold off to the private sector in order to protect it from consumption.