Middle east – nationalize their oil industry (Saudi arabia, Kuwait) Exxon BP etc give 50 cent and sell it for 500 so they nationalized it to make the 500 themselves Russia – 100 yers ago it was in private hands (then state took it over) then 1990 they privatized it again the govt was broke, then Putin re-nationalized it again to make $$$ Lions share Shifting economic systems (communism to capitalism) etc. India 1947 wanted govt to control as much as possible to give back to the people then recently they sold a lot bc they couldn’t handle it (trains) Governments a lot of the time can make more money just taxing the stuff companies make Multinational corps do things well (oil out of Nigeria Exxon can do it better than the govt in Nigeria) Nationalization isnt dead Arm reaching out of grave “the return of economic capitalism” Hugo chaves – leftist revolution is spreading parts of latin America he is nationalizing a lot of things oils A movement (mostly Latin America) places with wealth disparity 2008 meltdown recession USA George bush nationalized fannie may granny mac Nationalized a lot of things in Obama revolution States into spectrum Left- (no true hard core) Cuba North korea still claim to be true <^ Venezuela (hugo Chavez)
Saudi Arabia (left in economics) healthcare, college, lots FREE Brunei (all sits on oil well) everything free (lifetime pass to Disney world) Sweden (social benefits) tax the citizens a Shit ton China (close to center) since 1970s big move to the right Russia (1990 collapsed) India (privatizing move) UK – “wealth of nations” Germany- don’t like the dabble in state, like private things USA – king of capitalism (doesn’t provide near top 10 of benefits) richest country on planet earth
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- Fall '08
- Privatization, Nationalization, Hugo Chaves