the.com/nationalization
When a government buys the company back, except you don't get a vote on the price.
means The transfer of a company or industry from private ownership into state control, usually with the government taking over assets, debts, and decision-making.
from Built from 'nation' plus the familiar '-ize/-ization' machinery that turns nouns into processes (as in 'modernize,' 'centralize'). 'Nation' itself traces back to Latin 'natio,' meaning birth or breed, from 'nasci,' to be born — a word originally about shared ancestry long before it meant a political state. 'Nationalization' as a term for state takeover of industry became common currency in the 19th and 20th centuries, riding alongside the rise of nation-states and socialist economic theory, where putting things 'in the hands of the nation' was the whole point.
- usual target
- failing banks, railways, or oil fields nobody else wants
- compensation
- sometimes fair value, sometimes a polite IOU
- political flavor
- socialism to some, bailout to others, same paperwork
- classic move
- Mexico nationalized oil in 1938, still celebrates the date