Encyclopedia > Nationalise

  Article Content

Nationalization

Redirected from Nationalise

Nationalization (or Nationalisation) is the act of taking private assets into government or state ownership. It is the opposite of privatization.

Arguments for nationalization:

  • Elimination of a private monopoly in an essential service.
  • Removing an extreme imbalance of wealth.

Arguments against nationalization:

  • Government inefficiency in running production, trading, or service operations may cause misallocations of labor and capital, with consequent reductions in the standard of living and economic growth.
  • Groups may object violently to losing their private assets, particularly when no compensation is paid.
  • Lack of accountability to the market, i.e., consumer choices may be reduced and there may be no alternative sources for goods or services that better meet consumer preferences.

Notable nationalizations:



All Wikipedia text is available under the terms of the GNU Free Documentation License

 
  Search Encyclopedia

Search over one million articles, find something about almost anything!
 
 
  
  Featured Article
Quadratic formula

... a being non-zero. These solutions are also called the roots of the equation. The formula reads <math> x=\frac{-b \pm \sqrt {b^2-4ac}}{2a} </math> The ...

 
 
 
This page was created in 42.7 ms