What is nationalization?

When the national government has taken over a private industry or a company held at the city or state level, it is called nationalization. There are many examples of nationalization in the history of most countries and some industries that people would immediately recognize as nationalization. For example, the US Postal Service is a nationalized industry that is completely led by the US government. Any financial losses of this industry are the losses of the government and its people and any financial gains would benefit the US government. It is true that socialist governments can control or nationalize most industries, and they can do so whether these industries and their privacy are happy about it. On the other hand, nationalization is sometimes supported by people or political groups that would be defined as a strongly anti -socialist and a capitalist. President's decision, President George W. Bush to nationalize the airport security industry after the attacks of September 11, 2001 was considered a method of streamlining and improving quality controlLasting checks at airports. Few people felt that this decision was a threat to capitalism.

There may be many reasons why the central government would decide or forced to nationalize industry. In the previous example, the main goal was to control quality and increased safety. Sometime, the industry fails without nationalization, as it turned out in the case of the American automotive industry and several large banks at the end of 2000. The US steps taken to support these unsuccessful entities were not complete or complete nationalization, and the aim remains to pass these organizations back to private checks called denacionization or privatization.

In the country, which are predominantly capitalist in orientation, there are usually some nationalized businesses. These include public schools, health services, postal services, military services and more. Decision to nationalize herNo businesses can be based on unusual circumstances such as economic failure or war times. Most governments must pay a lot of money to private owners to ask the government. Usually it is not profitable and the government can only enter if the large or if the price is cheap.

Fear of what the nationalization comes when the government takes over the industry without permission or leaving its private owners or forcing private owners by various means to give up their possession. The violent overthrow of the country may certainly mean that dictators will take over and nationalize all existing private companies. That would be different from socialism, which will strengthen the fact that people and not a small group of owners control the means of production. Those who have no rights in the country led by a dictator cannot be said to control its nationalized industries.

seizure of assets and companies, and in particular to obtain control of any profitable resources provides ENERGII A can prove the source of funding to maintain this power. However, nationalization means that the government must also support any unsuccessful industry, and even most dictators would hesitate to immediately nationalize every privately owned business. Instead, there are those who usually get under national control, the most profitable ones, and this usually means industries that have valuable sources such as oil.