Nationalizing collective enterprises


  • Expropriation

Description

Acquiring of ownership of industrial property processes by a national state or by a lesser political entity within a nation.

Implementation

In the former USSR following the Russian Revolution; railroads of the UK; liquor stores of certain states in the USA; and the banks of India are all examples of nationalization.

Claim

  1. Nationalization may be necessary to maintain non-viable enterprises which are required for national defence purposes.

Counter claim

  1. Nationalization leads to highly inefficient businesses and they are often very corrupt.


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