Illustrate privatization and its setbacks as applied to the Philippine experience.

Privatization refers to the transfer of control of a business, from the public sector to the private sector.

Explanation:

Privatization has been a common public policy in most of the world since the late 1970s, when many countries began to privatize nationalized industries like railroads or public services.

Privatization can have the setback of reducing the amount of money that the public sector obtains. This is money that could have been used to finance social programs, and that falls in private hands instead.

However, it may also have the benefit of promoting a more competitive and innovative economy.

panem is a communist totalitarian dictatorship where all the resources and how they are allocated belongs to the capitol. the districts exist only to provide goods and services for the capital and most of the citizens live in poverty. it is a police state where the "peacekeepers" use force and threats to keep the people under control. dissent is outlawed and those who disobey the law are executed, flogged, or turned into avoxes. the games are another means in which the ruling elite in the capitol exert their power over the districts. when reading the books i drew parallels between panem and the soviet union and north korea. in no way is panem capitalist. the people in the capitol are wealthy but the majority of them are involved in the government somehow. it was the same way in the former soviet union where bigwigs in the communist party and high ranking government officials were given access to goods, services, medical treatments not available to the general public. if you think panem has a capitalist economy you need to brush up on your economics.