What does nationalization mean?

Definitions for nationalization
na·tion·al·iza·tion

Here are all the possible meanings and translations of the word nationalization.

Princeton's WordNet

  1. nationalization, nationalisationnoun

    the action of forming or becoming a nation

  2. nationalization, nationalisationnoun

    the action of rendering national in character

  3. nationalization, nationalisation, communization, communisationnoun

    changing something from private to state ownership or control

Webster Dictionary

  1. Nationalizationnoun

    the act of nationalizing, or the state of being nationalized

Freebase

  1. Nationalization

    Nationalization is the process of taking a private industry or private assets into public ownership by a national government or state. Nationalization usually refers to private assets, but may also mean assets owned by lower levels of government, such as municipalities, being transferred to the public sector to be operated and owned by the state. The opposite of nationalization is usually privatization or de-nationalization, but may also be municipalization. Industries that are usually subject to nationalization include transport, communications, energy, banking and natural resources. A renationalization occurs when state-owned assets are privatized and later nationalized again, often when a different political party or faction is in power. A renationalization process may also be called reverse privatization. Nationalization has been used to refer to either direct state-ownership and management of an enterprise or to a government acquiring a large controlling share of a nominally private, publicly listed corporation. Nationalization was one of the major strategies advocated by socialists for transitioning from capitalism to socialism. Socialist ideologies that favor nationalization are typically called state socialism. In this context, the goals of nationalization were to dispossess large capitalists and redirect the profits of industry to the public purse, as a precursor to the long-term goals of establishing worker-management and reorganizing production toward use.

Editors Contribution

  1. nationalization

    The act, procedure, process, structure and system of nationalizing and transforming private assets and services into public assets and services by integration into the public governance of a form of unity assembly, unity council, unity legislature, unity senate, unity house of representatives, unity parliament, unity government, local unity government, regional unity government, national unity government, european unity government and international unity government to ensure the creation of optimum health, human rights, right to life, fasttrack of the building of public housing on public land, fasttrack of sustainable social enterprise development, equal and shared prosperity for all, stability, unity government, solidarity, cohesion, animal rights, right to life, right to housing, right to free education, right to parent, right to free preschool education, right to a standard of living, creation of an equal and identical wage for all system and universal living income system, right to internet access, economic stability, financial stability, civil rights, equal rights, equal opportunities, employment rights, childrens rights, sustainable development, sustainable development goals, united partnership, multi-party working, community empowerment systems, equal redistribution of wealth, fairness and justness across society, the country, jurisdiction and the world and contribute to the cocreation of international and national peace agreements, peace treaties, the universes truth and a fair, just and transparent system of checks and balances.

    The government were assessing the possibility of nationalizing its steel plants and railways.

    Submitted by MaryC on April 5, 2016  

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Numerology

  1. Chaldean Numerology

    The numerical value of nationalization in Chaldean Numerology is: 8

  2. Pythagorean Numerology

    The numerical value of nationalization in Pythagorean Numerology is: 9

Examples of nationalization in a Sentence

  1. Wales Prime Minister David Cameron:

    We're going to work very hard with the company to do everything we can, but it is a difficult situation, there can be no guarantees of success because of the problems that the steel industry faces worldwide, we're not ruling anything out, (but) I don't believe nationalization is the right answer.

  2. J.B.S. Haldane, "On Being the Right Size" in the (1928) book "Possible Worlds":

    To the biologist the problem of socialism appears largely as a problem of size. The extreme socialists desire to run every nation as a single business concern. I do not suppose that Henry Ford would find much difficulty in running Andorra or Luxembourg on a socialistic basis. He has already more men on his pay-roll than their population. It is conceivable that a syndicate of Fords, if we could find them, would make Belgium Ltd. or Denmark Inc. pay their way. But while nationalization of certain industries is an obvious possibility in the largest of states, I find it no easier to picture a completely socialized British Empire or United States than an elephant turning somersaults or a hippopotamus jumping a hedge.

  3. South Carolina Sen. Lindsey Graham:

    I've never been more worried about the early primary states than I am today, the nationalization of this election by using national polls to determine who's qualified to speak, undercuts the process that stood the test of time.

  4. Angela Eagle:

    Call it what you like - co-investing, part-nationalization, temporary public stewardship, or sheltering the assets - it's clear that circumstances may require the government to do this. They should spare their ideological blushes and just get on with it.

  5. Artem Shevalev:

    We are expecting the next court rulings (on PrivatBank's nationalization) some time in July, that is your litmus test.

Images & Illustrations of nationalization

  1. nationalizationnationalizationnationalizationnationalizationnationalization

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