Unformatted text preview: Oil in Russia privatzed when ±he Sovie± Union collapsed. Now Putn renatonalized ±he oil indus±ry. Privatzaton is ±he curren± ±rend. India sold o´ ±heir ±rain and ±elecommunicatons sys±em. India jus± ±axes ±he priva±e companies. More benef±. The Economis± magazine is reFerring ±o 2008 recession. Bolivia, Ecuador, Nicaragua begins natonalizing due ±o Hugo Chavez's lead. George Bush natonalized ¶reddie Mac and ¶annymae, fnancial inst±utons. Barack Obama par±ly natonalized some banks, fnancial inst±utons, and car manuFac±urers. Examples Any ±rue communis± s±a±es? Nah. Cuba and NK claiming and ±rying ±o do i±. Brunei natonalizes like Saudi Arabia. Nor±hern European coun±ries are so± s±a±es economically. Sweden. How does Sweden pay? Very high ±axes. Income ±ax oF 35%. Adam Smi±h, playbook For capi±alism. England basically inven±ed capi±alism....
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- Fall '08
- Privatization, Nationalization, Public ownership, oil industry, Hugo Chavez