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'''Nationalization''' means the permanent takeover of a private business by the government. Sometimes it is voluntary with full payment to the previous owners, and sometimes it is involuntary with no payment or worthless bonds.
[[Socialist]] governments nationalized industry in Britain, France and other countries after World War II. In most cases they have been privatized, that is returned to private ownership.
Temporary seizures during an emergency is not usually considered nationalization.
[[category:Economics]]
[[category:Socialism]]
[[Socialist]] governments nationalized industry in Britain, France and other countries after World War II. In most cases they have been privatized, that is returned to private ownership.
Temporary seizures during an emergency is not usually considered nationalization.
[[category:Economics]]
[[category:Socialism]]