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Power, politics and privatization: A tale of a telecommunications company

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  • Sharma, Umesh
  • Lawrence, Stewart

Abstract

The purpose of this paper is to demonstrate the confluence of the political and economic interests of the Fijian elite in transforming state assets into private property and financial gain. Drawing on a Habermasian theoretical framework applied to a privatized state monopoly (Telecom Fiji), we demonstrate how the implementation of privatization concealed social and political interests, and how the implementation of privatization provided a ruling elite with a convenient rhetoric and tool to achieve social and political gain. For those within the telecom company, the ethos of public service could not withstand the message of capitalism with its rhetorical call for greater efficiency, effectiveness and consumer awareness. As is the case, however, with many other privatization programmes around the world when state enterprises are privatized, the results of Telecom Fiji's privatization are not reflected in either improved organizational performance or the wellbeing of the ordinary citizen.

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  • Sharma, Umesh & Lawrence, Stewart, 2015. "Power, politics and privatization: A tale of a telecommunications company," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 28(C), pages 13-29.
    • Handle: RePEc:eee:crpeac:v:28:y:2015:i:c:p:13-29
    DOI: 10.1016/j.cpa.2015.01.004
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