DiggerUK

Why We Were Right Not To Nationalize the Banks

There is a mistaken belief that a lot of west european industries were nationalised at the end of WW2.
They weren't. All that happened was a lot of industries vital to national economic recovery following the war, were clapped out, and unfit for purpose.

They were taken under state control, that's all.
The old owners were paid compensation, not taken outside and shot.

If anybody believes, that any western economy can survive today, without the same exercise being repeated, then it is time you read the writing on the wall.