nationalizes

Government takes over

Nationalizes means to transfer ownership or control of an industry, asset, or enterprise from private hands to the government: The regime nationalized the oil fields.

Countries nationalize for various reasons—economic crisis, political ideology, or strategic control of resources.

The opposite process is privatization.

Also spelled nationalises in British English.

ideology

socialism

Communal economic control

redistribution · egalitarianism · common-good · proletariat · anti-capitalism · solidarity · cooperative · statism

expropriation

confiscation

Seizure by authority

appropriation · commandeer · dispossession · repossession · acquisition · annexation · compensation · indemnification · assets · holdings

industry

state-owned

Belonging to government

railways · mining · oil · banking · telecommunications · steel · airlines · energy · infrastructure · privatization

policy

regulation

Official rules governing conduct

protectionism · reform · legislation · statute · treasury · budget · deficit

sovereignty

self-determination

Control over one's fate

jurisdiction · statehood · patrimony · heritage

Opposites
ownership transfer direction

nationalizesprivatizes

Transfers to non-government ownership

denationalizes · sells off · divests · deregulates · liberalizes

Family

nationalize, nationalized, internationalize, nationalization, nationalizing, internationalized, internationalizes, internationalizing, internationalization

Familiarity
Top 500,000
Profile
Used worldwide · Timeless · Abstract · Everyday, not technical · Rated G