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nationalization
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nationalization

Policy of bringing a country's essential services and industries under public ownership. It was pursued, for example, by the UK Labour government 1945–51. Assets in the hands of foreign governments or companies may also be nationalized; for example, Iran's oil industry (see Abadan), the Suez Canal, and US-owned fruit plantations in Guatemala, all in the 1950s.
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Readers who oppose the marketization of social security would certainly wish to look for ways to reverse privatization.
John Dixon and Mark Hyde (Eds.). The Marketization of Social Security by Tang, Kwong-leung / Journal of Sociology & Social Welfare
 
 
 
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