privateering

Verb

privateer (third-person singular simple present privateers, present participle privateering, simple past and past participle privateered)

1. To function under official sanction permitting attacks on enemy shipping and seizing ship and cargo; to engage in government-sponsored piracy.
2. To advocate or benefit from privatization of government services.
   • The principle of collective bargaining has been a basic point of dispute; it infringes, as Perlman pointed out, the privileges associated with private ownership and management of property. […] These so-called charters were simply a license given to shady elements to privateer against the strong and...1942, Valdimer Orlando Key, Politics, parties and pressure groups, page 95

See all 7 meanings of privateer