Healthcare nationalize because it’s good for the healthy citizen. 3) save the flailing business. Bankrupt from big businesses might be in control of the gov’t. They might want to control it or else there will be jobs lost that might lead to recession. Ex: many of the middle eastern countries nationalize their oil (OPEC members). Russia: oil in private hand, but the communist revolution nationalize everything. 1990 Russia collapse then they privatize it. 2000 they renationalize the oil for money. g. Privatization is the current trend – due to shifting economic system. Ex Russia. Communist China shifting to capitalism. India, 1947 try to run the poverty but they fail so they sold transportation and communication to private businesses. Government can tax the private businesses to make money. h. Multi corporations can lobby the government to free up their regulations. i. The return of Nationalization? Current events of 2008 recession. Hugo Chavez movement spread to Bolivia, Peru, Ecuador. Places in extreme poverty. U.S – 2008 recession nationalize. G. W. Bush nationalized financial institution because they were too important to collapse. Obama – nationalize banks, financial institution, car manufacturers, healthcare. 2. Examples a. Q? Any true communist states? A? not really. But North Korea and Cuba are the only 2 who are trying to claim this. b. A little bit to the right of communism. Venezuela c. Saudi Arabia – liberal on the economic. Healthcare, public education, college. d. Brunei – provide everything. Healthcare, public education, college. DisneyWorld theme park. If you were born in Brunei you get a lifetime pass to the park. e. Sweden – openly socialist state. Social benefit s to the citizen. Fraternal for pregnant women is paid for 2 years. How does Sweden pay for the benefits? Very high taxes. 25-30 % income taxes. f. China – moving toward capitalist g. Russia – moving toward capitalist h. India - moving toward capitalist
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