"privatization" of a public resource developed at public expense and then simply handed off to a predatory company to exploit and abuse is as far from true capitalism as you can get. It has happened here, and it happened in Russia after the collapse of Communism on a vast scale.

My own career was devastated by it, when the earth resources/remote sensing field was privatized and handed over for a song to private industry, which then demanded a Federal guarantee for their profits before they would graciously accept it. Another example is the current push in Florida to bid off Alligator Alley (one of only two routes across the Everglades) to a private company.

It is refreshing that Libertarians see the scam behind these efforts, but unfortunately, it isn't Libertarians who lobby conservative legislatures to hand them off public assets for a song. It's the business community.