is nationalization for the banks a good Ideal. what about health care. do we live in a communist or socialist country or is this a free republic. wake up people they are slowly moving us in the direction of communist and socialist states. what with talk of the north American union, spying on Americans, national ID and gun bans. does anyone in this area care about this country and what are politicians are doing! we are borrowing money from a communist country. Our new secretary of state had to go over there and kiss some butt. we have been reduced to beg money from china! C'mon seriously do you not see a problem with that. here is hillary in china and here is another one. seriously is china becoming more like us are we becoming like china.
alteration or assumption of control or ownership of private property by the state. It is historically a more recent development than and differs in motive and degree from "expropriation" or "eminent domain," which is the right of government to take property for particular public purposes (such as the construction of roads, reservoirs, or hospitals), normally accompanied by the payment of compensation. Nationalization has often accompanied the implementation of communist or socialist theories of government, as was the case in the transfer of industrial, banking, and insurance enterprises to the state in Russia after 1918 and the nationalization of the coal, electricity, gas, and transport industries in the United Kingdom and France between 1945 and 1950. More recently, a further impetus has been resentment of foreign control over industries upon which the state may be largely dependent, as in the nationalization of the oil industries in Mexico in 1938 and Iran in 1951, and in the nationalization of foreign businesses in Cuba in 1960. A third motive for recent nationalizations may be the belief in some developing countries that state control of various industrial operations is at least temporarily necessary because of the lack of a developed capital market or supply of entrepreneurs in the domestic private sector.
