strategy

Nationalizing collective enterprises

Synonyms:
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:
Nationalization may be necessary to maintain non-viable enterprises which are required for national defence purposes.
Counter Claim:
Nationalization leads to highly inefficient businesses and they are often very corrupt.
Broader:
Nationalizing
Facilitates:
Seizing property
Values:
Expropriation
Type Classification:
F: Exceptional strategies
Related UN Sustainable Development Goals:
GOAL 10: Reduced InequalityGOAL 12: Responsible Consumption and Production