The Semantics Of 'Nationalization'

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	The Semantics Of 'Nationalization'

Hana Alberts

3-5-2009 1:18 PM

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Hana Alberts says:

Everyone's talking about nationalization -- but few can agree on precisely what the word even means. How about we define the terms of the debate before we have it?

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/ad88d026-a7da-4370-a345-409837bd9a0c/BA45FA36-C279-415E-9104-FF23504BFAB7/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.cfr.org/publication/18672/meaning_of_nationalization.html?breadcrumb=%2F" href="http://www.cfr.org/publication/18672/meaning_of_nationalization.html?breadcrumb=%2F" style="font-size: 11px;">www.cfr.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cfr.org/publication/18672/meaning_of_nationalization.html?breadcrumb=%2F">The Meaning of Nationalization</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cfr.org/publication/18672/meaning_of_nationalization.html?breadcrumb=%2F"><P>For decades now, "nationalization" has been a dirty word in U.S. business circles. The term conjures associations abhorrent to most economists--from dysfunctional resource-rich nations seizing the assets of foreign companies to bloated European government structures suffocating on bureaucracy. A government taking control of private companies, many economists said, was antithetical to free-market policy and dangerously close to socialism. But with the largest U.S. banks facing existential challenges, economic urgency has upended the debate over nationalization.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cfr.org/publication/18672/meaning_of_nationalization.html?breadcrumb=%2F">"Nationalization" is, of course, a loaded term--and analysts say whether a strategy such as the <EM>Economist's</EM> qualifies as nationalization is largely semantic.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/BA45FA36-C279-415E-9104-FF23504BFAB7/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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