Nationalisation and privatisation

[sueregal]

These are so helpful, you're awesome Mr. ENHANCE :)

[theamateur]

Sir, are we tested about nationalisation and privatisation in these topics only, like advantages and disadvantages? no any other thing? as in syllabus it was written meaning and effect of nationalisation and privatisation, so what will be the effect of each of them?

[serenali]

I’m confused about the last disadvantage of nationalization. Do you mean that the political party may change, so the ownership of the firm may change, too? But why this is a disadvantage? What’s the drawback?

[jq]

it will be better if there're some examples.

[abdullahahmed]

If you could elaborate that pro of having a monopoly established by the government to that, it can eliminate the situations in which a profit maximisation firm may avail the power to disrupt the market.

[AlMickLAW]

This is not true, innovation is more expensive in the private sector and less expensive in the public sector, for example the concorde e was invented by civil servants, the French nuclear power plants, the Minitel, there are competent people in the public service, but they must be encouraged. To create jobs and lower taxes, you need national companies that can save billions for the state, like a national bank or a national pharmaceutical company or a national agricultural group of companies, in short everything which is of public utility and which could bring in money. Provided that legal safeguards are put in place against the CCP or USSR effect...

[SomEbodyisDERP]

Omg I watched the entire three units in one day :'))

[Keelanhood]

Do you prefer nationalizing natural monopolies, or regulating them? I have concerns about the government's ability to adequately oversee a regulated monopoly (for example, Flint MI's water company.) I also worry about rent-seeking behavior, and about the government's ability to privatize assets in an economical manner. That said, public industries aren't as dynamic and cost-effective...

[MrJunglebear]

Hypothetical, what if it was not the government that took the company's from the Billionaires, what if it was the people themselves that did it, and decided to run the Company's themselves

[GiveMeABreak]

Do the fully privatized companies fall under any government regulation or are they free to do whatever they want to their workers, products and employees, and without legal much legal consequence if they screw over their employees and costumers?

(I'm studying a lesson about Margaret Thatcher so I wanna know all the good and bad consequences of privatization in both her time and the current time. Sorry if I'm, asking too much or asking stupid questions. I'm studying a lesson from History class and am not educated in economy or government affairs much)