Finance: What is nationalizing a company?

What is nationalizing versus privatizing a company? Hit play to find out.

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Transcript

00:29

you say it all blankly bleedingly like the four-legger in Animal Farm

00:33

well nationalizing a company happens when a government essentially seizes

00:37

control of that company or even that industry and just plants a flag in it

00:42

claims they own it you know like we own Mars or whatever and then they run it [Astronaut on mars with aliens]

00:46

meaning that whoever the voters were who put those government officials into

00:50

power often you know the biggest union in that hood then run and control that

00:54

company well the United States has flirted with nationalized Airlines a few [Uncle Sam flirting with nationalized airline woman]

00:59

times it did so in the 70s when Airlines went bankrupt more times than planes

01:03

crashed and it was a complete disaster surprise surprise and after losing

01:08

enough billions of dollars at least more than it could stomach the government [Money goes down a toilet]

01:12

privatized the airlines again selling those airlines back to private industry

01:17

where the best and brightest worked more than thirty eight hours a week and

01:20

actually answered their email in less than six weeks a year of vacation that

01:25

they took key idea nationalizing government seizes control and runs

01:30

privatizing; government sells control and taxes profits how do you avoid this yin

01:36

and yang of torture? well find careers in industries that are far far away from

01:40

regions where the government gives a rat's derriere [Boy at a lemonade stand]