Moodle Econ #2 Quiz.docx - Moodle Econ Quiz#2 2.2 Nationalization vs Privatization 2.3 Examples Must have $ All governments do something Government

Moodle Econ #2 Quiz.docx - Moodle Econ Quiz#2 2.2...

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Moodle Econ Quiz #2 2.2 Nationalization vs Privatization 2.3 Examples Must have $ All governments do something Government doesn’t make anything and sell it it makes it $ thorough 1. Taxes and 2. Control resources/businesses NATIONALIZE- govt physically takes from a private business (hugo chaves Venezuela) oil industry US froze venezuala assets in US and took them to world court PRIVATIZE- govt sells off resources etc to private industries (japan sold their post office) Liberal left- raise taxes for govt, nationalization yes let gvt run it all! Right- give it to private, no that’s communism Pros and cons!! Companies compete with each other and it makes economies thrive Some think the sate should make all athe money off the resources NATIONALIZE it!! Why nationalize? War or emergency (cant have disruption of price gouging), social good far outweighs the cost (post office is good for citizens), save flailing business (if company that hold lots of jobs and is important they will buy it over)
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  • Fall '08
  • JDBOYER
  • Privatization, Nationalization, Hugo Chaves

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