People: The privatization club

They are politicians, bankers, bureaucrats and academics. They range from British cabinet ministers, to Hungarian lawyers, to Wall Street investment bankers. But the number of individuals who have had a decisive influence on the course of world privatization since 1980 is surprisingly limited. Steven Irvine and other Euromoney journalists pick out 14 stars of privatization and visit its spiritual home, NM Rothschild.

John Redwood

“I was the founding father,” says John Redwood, the former government minister who fought UK premier John Major in a Conservative leadership election last summer. “I was the pioneer who told them it could be done.”

It’s privatization the one-time Oxford university historian claims to have invented. Drinking a cup of coffee in a couple of quick gulps, he offers some evidence. “I wrote a series of articles in the 1970s setting out why we had to introduce private capital and I took the case to Margaret [Thatcher] who was then leader of the opposition.”

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