Ian Shapiro, Sterling Professor of Political Science and Global Affairs at Yale, examines privatization as part of his DeVane Lecture series course Power and Politics in Today's World. He maps out the varieties of privatization, revisits neoliberalism and the Washington Consensus, and traces how the euphoria of the early 1990s gave way to today's politics of resentment. The lecture works through the politics, law, and economics of eminent domain, then turns to the effects of privatizing local government services and utilities, weighing the political, economic, and social consequences of shifting public functions into private hands. Delivered to Yale students and the public in fall 2019, the talk is part of a course later developed into Shapiro's book After the Fall, and treats privatization as a lens on broader shifts in democratic governance.