Flexism Theory and Private Sector

Abstract

Prof. Dr. M. Azizur Rahman introduces the "Flexism theory," a political-economic concept designed to maximize human comfort by emphasizing flexibility and diversity. The theory posits that an economy with a larger private sector is inherently more productive and efficient than one dominated by the public sector. Rahman argues that "state ownership does not carry a sense of real ownership," suggesting that property belonging to the state effectively belongs to nobody. In this framework, the government’s role is to collect taxes, maintain public infrastructure (like bridges and social capital), and protect state property, while allowing the private sector to drive economic development through investment and competition.