4 ms·
Outside of early 20th-century Italy and Germany, which countries have actively pursued nationalization of industries in a late-stage capitalism phase of develop
by takoid 3y ago
Outside of early 20th-century Italy and Germany, which countries have actively pursued nationalization of industries in a late-stage capitalism phase of development? What were the outcomes? Are there more effective alternatives?
- gumby 3y agoPost-WWII France and UK, France even into the 80s. US nationalized passenger rail into Amtrak in ‘71. New York took over the private subway companies in the 40s. Since the 1980s the US uses a different mechanism (as they did with Boeing) where the state leaves the companies listed on the stock exchange but influences policy by guaranteed purchase orders, forced mergers (else you lose those purchase orders) etc — privatization in all but name.
- Log_out_ 3y agoWouldn't count the US though. Privat industry regularly sabotage state enterprises via lobbyism.