Nationalism vs Privatization.docx - Nationalism vs Privatization Government needs some kind of money All govt do something military roads Two ways govt

Nationalism vs Privatization.docx - Nationalism vs...

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Nationalism vs Privatization Government needs some kind of money All govt do something- military, roads Two ways govt makes money Taxes Controls resources or businesses Nationalize- when a state takes over a resource or industry from a private owner to make it state property President of Venezuela Hugo Chavez Oil industry Chavez has contract with oil companies- go there and buy exon out Capitalists hate this Most corporations from Venezuela Privatize Government sells off state property Japan sold post office Military??? Left wants regulation and taxes on privatization Right loves privatization Left loves nationalization Right hates nationalization Shouldn’t people benefit? Why nationalize Times of war/ emergency (steel ww2) Social good far outweighs the cost (post office health care) Save a flailing business Many countries in middle east nationalize oil (Saudi arabia, kuait) Russia nationalized everything in commie revolution, but soviet union collapsed. Decade later Russia decided to nationalize again
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  • Spring '08
  • SXiao
  • Capitalism, Saudi Arabia, The Wealth of Nations, Hugo Chavez, Venezuela Hugo Chavez, office health care, Germany- private enterprise

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