Yes, PE ownership of airports works and there is research to show it

It turns out that PE funds, while doing some nasty things like raising charges and sacking people, do manage to improve the efficiency of the airport and the services it offers

A new research finding should come as music to the Modi government's ears which has been slowly privatising a lot of public assets, including airports. But first, some background.

As of 2020, 437 airports had been privatised, about 18 per cent of all airports worldwide. 102 of them, the research says, were owned by PE firms at least once.

Thus, in the beginning, all things were private, and the state owned only some of the land. Then, after centuries, came Karl Marx in the 19th century. He said everything, including land, must belong to the state.

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