5 ms·
> Too much money is required and they can't just seize the assets. But they can. That's why they are the government.
by auggierose 3y ago
> Too much money is required and they can't just seize the assets.
But they can. That's why they are the government.
- ilikerashers 3y agoAre there any examples in modern economies? I know banks were temporarily nationalised but that wasn't a long-term plan.
- jacquesm 3y agoAbsolutely. Recently lots of Russian assets got nationalized in Germany on account of German national security in light of the energy crisis and the war with Ukraine. In NL we nationalized a bank (SNS bank) that failed, and one that would have failed (ABN). In Japan, in the wake of the Fukushima disaster there was an energy company nationalized. The USA (though they don't like to call it that) nationalized a bunch of stuff in the wake of the financial crisis.
- ilikerashers 3y agoNot sure that is a reasonable answer. War time measures, financial crises and earthquakes are exceptional circumstances. Where has a government gone, woops, that privatisation was a bad idea, let’s buy back our national infra and burn the shareholders.
- jacquesm 3y agoI don't subscribe to goalpost moving.