Nationalization of industry
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In today's environment where Capitalism is King, nationalization of industry is generally regarded as "a bad thing". Nevertheless, there are instances throughout the world where it may be a reasonable option for various reasons. Do you agree?
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This solution explains why nationalization of industry can be a reasonable option, addressing FDIC, public utility and private companies.
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Yes, in my opinion, there are situations where nationalization of certain industries indeed is reasonable and sometimes desirable. A glaring example of this is the banking industry. Nationalized banks provide financial security by means of giving insurance (like FDIC insured Certificates of Deposit) and in cases where the banks go insolvent or bankrupt, money return in assured. Though the rate of return on money may not be as high as the share market, managed funds or ...
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