Airport security was nationalized as the TSA. Aside from that no.
Comment on We Should Immediately Nationalize SpaceX and Starlink
drmoose@lemmy.world 10 months ago
Has US nationalized anything this millenia? I really don’t see that ever happening
EncryptKeeper@lemmy.world 10 months ago
technocrit@lemmy.dbzer0.com 10 months ago
So it takes a spectacular failure of the capitalist grifters? Check.
psycho_driver@lemmy.world 10 months ago
Tax burdens for billionaires
jubilationtcornpone@sh.itjust.works 10 months ago
Also losses. Gotta get that sweet, sweet too-big-to-fail bailout money.
sugar_in_your_tea@sh.itjust.works 10 months ago
Technically the auto industry in 2008.
technocrit@lemmy.dbzer0.com 10 months ago
Technically no. Bailout =/= nationalization.
sugar_in_your_tea@sh.itjust.works 10 months ago
It was more than something like a loan, the federal government actually a fair amount of control over the company. It ended up divesting itself once the new, restructured company made its IPO, but during the bailout, the US gov was technically in control, and it got priority over all other interests since the company went private with special financing.
It’s certainly different than other nationalized industries, but it was also much more than a regular bailout.
explodicle@sh.itjust.works 10 months ago
I mean if we count bailouts as nationalization, then now we’ve got like some kinda national “socialism” where state and corporate power have fused.
sugar_in_your_tea@sh.itjust.works 10 months ago
The GM situation was a more than a bailout, they took complete control of the company, took it private, liquidated some assets, then sold it off in a new IPO.
It’s not all that different from a private equity firm doing the same thing, the major difference is the legal protections the US had (e.g. it got priority over all other creditors). If the US wanted to keep it and run it, it could’ve.