privateer

noun

1. (historical)A privately owned warship that acted under a letter of marque to attack enemy merchant ships and take possession of their cargo.
2. (historical)An officer or any other member of the crew of such a ship; a government-sanctioned pirate.

   “Kidd soon threw off the character of a privateer and became a pirate.”

3. An advocate or beneficiary of privatization of a government service or activity.

   “This is a major victory, not only for CUPW because it will deter profit-hungry privateers from taking work away from CUPW members, but also because it gives union protection to those employed by the privateers.”

   “Privateers, such as Osborne and Gaebler, promise that good competition will not become bad — will not become cutthroat competition — if good competition is "carefully structured and managed;"”

   “For example, when water workers leader Abelardo de Oliveira Filho says, […] investigations initiated by PSI in carrying out the mandate their members gave them to resist the privatization of water, to look into how the privateers worked”

   “Privatization advocates, or “privateers,” peddle the simple message that privatization is always good.”

4. (Australia, Canada, US)A private individual entrant into a race or competition who does not have the backing of a large, professional team.
5. A racing team that is not a subsidiary of a large conglomerate, or automotive or vehicle manufacturer.

verb

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 growing unions.”

   “The objective of the privatisation law of July 1990 was to achieve an ownership structure similar to that in western Europe within five years, with approximately half of state-owned assets to be privateered in the first three years.”

   “They are generally kept in "detention centers" in the Australian desert, or on islands in international waters privateered by the government. These are operated by private security firms, which are not subject to international agreements.”