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
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