6. Nationalization vs. Privitization - Nationalization vs Privatization States need money to supply basic necessities How does a gov make money 1 Taxes

6. Nationalization vs. Privitization - Nationalization vs...

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Nationalization vs Privatization States need money to supply basic necessities. How does a gov make money? 1. Taxes – income tax, sales tax, 2. Control resources/businesses – Nationalize an industry or resource, privatize. President Hugo Chaves; Nationalized everything (Oil), Privatization – Gov give resources to private industry, Japan sold its post office, Left Privatization, Heavily regulate sector, raise taxes, raise revenue to spend on people Nationalization, Support it, Gov runs it all Right Privatization, Give it to them, let the business make the money Nationalization, Communism Why Nationalize 1. Times of War/Emergency 2. Social good far outweighs the cost of running a resource 3. Save a flailing business i.e. Middle East Nationalized their oil industries
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  • Fall '08
  • JDBOYER
  • Privatization, Nationalization, Public ownership, Privatization – Gov, Middle East Nationalized

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