State ownership: Difference between revisions
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[[Image:RBS Fleet Street.jpg|thumb|250px|The Royal Bank of Scotland's office in [[Fleet Street]], London. The [[Royal Bank of Scotland Group]] is a [[United Kingdom|British]] state owned banking and insurance [[holding company]] in which [[HM Treasury]] holds an 84% controlling share (economic interest, actual voting rights will not rise above 75% in order to retain stock listing)<ref>[http://www.investors.rbs.com/news/releasedetail.cfm?ReleaseID=420810 The Royal Bank of Scotland Group plc (RBS) - Announcement on the APS and State Aid Discussions]</ref>. This stake is held and managed through [[UK Financial Investments Limited]].<ref>[http://ftalphaville.ft.com/blog/2009/01/19/51341/rbs-et-mon-droit-hm-deficits/ RBS et mon droit: HM deficits] ([[FT Alphaville]], accessed 20 January 2009)</ref>]] |
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'''State ownership''', also called '''public ownership''', '''government ownership''' or '''state property''', are property interests that are vested in the [[state]], rather than an [[individual]] or [[communities]].<ref>{{Cite book| last = Clarke| first = Alison| coauthors = and Paul Kohler| title = Property law: commentary and materials| publisher = Cambridge University Press| year = 2005| pages = 40| url = http://www.google.com/books?id=JnzxTbFwdLMC&dq=%22public+property%22+property+theory&lr=&as_brr=3&source=gbs_navlinks_s| isbn = 0521614899, 9780521614894 }}</ref> |
'''State ownership''', also called '''public ownership''', '''government ownership''' or '''state property''', are property interests that are vested in the [[state]], rather than an [[individual]] or [[communities]].<ref>{{Cite book| last = Clarke| first = Alison| coauthors = and Paul Kohler| title = Property law: commentary and materials| publisher = Cambridge University Press| year = 2005| pages = 40| url = http://www.google.com/books?id=JnzxTbFwdLMC&dq=%22public+property%22+property+theory&lr=&as_brr=3&source=gbs_navlinks_s| isbn = 0521614899, 9780521614894 }}</ref> |
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Revision as of 19:50, 27 March 2010
State ownership, also called public ownership, government ownership or state property, are property interests that are vested in the state, rather than an individual or communities.[3]
State ownership may refers to state ownership or control of any asset, industry, or enterprise at any level, national, regional or local (municipal); or to common (full-community) non-state ownership. The process of bringing an asset into public ownership is called nationalization or municipalization.
In primarily market-based economies, government-owned assets are often managed and run like joint-stock corporations with the government owning a controlling stake of the shares. This model is often referred to as a state-owned enterprise. A government-owned corporation (sometimes state-owned enterprise, SOE) may resemble a not-for-profit corporation as it may not be required to generate a profit. Governments may also use profitable entities they own to support the general budget. SOE's may or may not be expected to operate in a broadly commercial manner and may or may not have monopolies in their areas of activity. The creation of a government-owned corporation (corporatization) from other forms of government ownership may be a precursor to privatization.
User rights
When ownership of a resource is vested in the state, or any branch of he state such as a local authority, individuals may have use rights, or even limited management or control rights, though these rights are not property rights as they are not transmissible. For exmaple if a family is allocated a apartment that is state owned, it will have been granted a tenancy of the apartment, which may be lifelong or inhertable, but the management and conrol rights are held by various Government departments.[4]
Public property
There is a distinction to be made between state ownership and public property, the former may refer to assets operated by a specific organization of the state used exclusively by their operators or that organization, such as a research laboratory, while public property refers to assets and resources that are available to the entire public for use, such as a public park (see public space).
See also
- Consumer debt
- Cooperative
- Corporatization
- Deregulation
- Government debt
- Government finance
- Liberalization
- Municipalization
- Nationalization
- Ownership society
- Private ownership
- Private sector
- Privatization
- Public company
- Public good
- Public sector
- Public services
- Regulation
- Social sector
- Sovkhoz
- State Enterprise
- State-owned enterprise
- Stock exchange
- Stock market
- Volkseigener Betrieb
References
- ^ The Royal Bank of Scotland Group plc (RBS) - Announcement on the APS and State Aid Discussions
- ^ RBS et mon droit: HM deficits (FT Alphaville, accessed 20 January 2009)
- ^ Clarke, Alison (2005). Property law: commentary and materials. Cambridge University Press. p. 40. ISBN 0521614899, 9780521614894.
{{cite book}}: Check|isbn=value: invalid character (help); Unknown parameter|coauthors=ignored (|author=suggested) (help) - ^ Clarke, Alison (2005). Property law: commentary and materials. Cambridge University Press. p. 40. ISBN 0521614899, 9780521614894.
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