ABSTRACT
Privatisation is commonly understood as a movement from public to private regimes. Privatisation is treated as an opposite development to the transformation of private law into public by state interventions, which sometimes are labelled as welfarist. For the purposes of this paper privatisation can be connected to a lack of trust in the possibilities of a society to organize productive activities on the basis of a centrally controlled system. This distrust can also be formulated in terms of information. According to one famous argument, the central power is faced with immense information problems in determining what should be produced by whom and, accordingly, what should be consumed by whom. 1 This view doubts the possibility of gathering in one place all the relevant information needed to steer the activities in a society.
