Nationalization: It's Not Just for Communists Anymore

It used to be synonymous with authoritarian regimes, now politicians threaten it and media call it a 'necessary evil.'

By Jeff Poor
Business & Media Institute

In America, “nationalization” used to be a dirty word. But that was prior to this era of government intervention to save industries and institutions deemed “too big to fail.” Now, state involvement in – and even ownership of – certain sectors of the national economy is called a “necessary evil.”