Dossier. The Context
Focus. The State vs. The Market?
Strategy & Entrepreneurship
The Bumpy Road of the Exit from the Mixed Economy
The divestment of the companies held by IRI did not require any additional intervention in terms of public finance, demonstrating their evident condition of good health. The privatizations were also driven by an essentially financial logic: the state sought high and immediate financial proceeds, but often without an in-depth evaluation of the quality of the buyers or the consequences of the divestments for our country.#The failure to mobilize a national entrepreneurial class to substitute the public sector is the principal cause of the various bankruptcies that have occurred in the past 30 years following the privatizations.