Pedantic note: nationalising an industry doesn't always affect the incentives that result from capitalism. Sometimes it does (because it has to deal with the ex

Pedantic note: nationalising an industry doesn't always affect the incentives that result from capitalism. Sometimes it does (because it has to deal with the externalities, so the government would lose out if it kept the industry behaving like that), but in cases where the harm is international and the benefit is national, the incentives are the same. (Yes, I understand that these particular incentives result from any situation of competition for resources, and aren't inherently related to the economic system. However, the point is more general.)