4 ms·
Nationalization did happen in France around 1981.
by DomreiRoam 9y ago
Nationalization did happen in France around 1981.
- adventured 9y agoThe US also had limited price controls under Nixon. It too was extremely damaging and foolish when the US or France took such intervention measures, which you can see from the broader context / economic climate results: US economic disaster in the 1970s and French economic stagnation for decades.
- mcv 9y agoNationalisation also happened in Netherland in 2008: https://www.government.nl/topics/state-owned-enterprises/nationalisation-of-financial-institutions-abn-amro-asr-and-sns-reaal https://www.government.nl/topics/state-owned-enterprises/nat... Although in this case it's financial institutions on the verge on bankruptcy, and they were nationalised to save them, with the goal of eventually privatising them again. Nationalisation versus privatisation is a complex subject, and I think there are things that absolutely should be nationalised. Essential infrastructure where no real competition is possible, for example. Like railroads or mail. I suppose it can make sense for the countries oil reserves. But the important part is that whichever way you move on that scale, you do it in a responsible way and ensure that a fair price is paid for them.
- DomreiRoam 9y agoIt is a complex subject and I agree that in case of monopoly (natural or not) and in case of strategic sector we should make an honest evaluation of what serve best the Nation and the People. Also, if you nationalize it shouldn't mean that you don't compensate fairly the private owner.