What Are the Advantages of Nationalization?

Proponents of nationalization argue that it provides unequivocal economic benefits, including promoting productivity, efficiency, and creating economic stability. Nationalization occurs when governments tap into key industries often controlled and regulated by the private sector, including transportation, manufacturing and electricity. Those who favor nationalization argue that the government, by assuming regulatory control over these industries, makes the economy operate in a way that benefits the majority of the population instead of a small, elite class.