The automotive manufacturers General Motors and Chrysler were partially nationalized in the wake of the 2008 Financial Crisis as were several banks… these were less a full government takeover and more of a government guided restructuring. Before that, the only full nationalization of anything substantial was the bankruptcy of the Penn Central Railroad and subsequent establishment of the US’s only national freight rail company in ConRail. It was later privatized and is now the private companies CSX and Norfolk Southern. The collapse of Penn Central was the largest bankruptcy in history until Enron in the 1990’s. Amtrak, our national passenger rail corporation, is also a nationalized entity created around the same time as ConRail, for similar reasons, and is still nationalized (although the Trump admin wants to privatize it).
Comment on We Should Immediately Nationalize SpaceX and Starlink
AnUnusualRelic@lemmy.world 1 month ago
When’s the last time the US nationalised something?
TrueStoryBob@lemmy.world 1 month ago
AnUnusualRelic@lemmy.world 1 month ago
Didn’t know about Amtrak. Interesting. Thanks
zbk@lemmy.ca 1 month ago
I think during world war 2. But things were worse then 15% unemployment and people still had massive economic leverage. I don’t think the US government is nationalizing anything anytime soon now. Neither party will participate in it because they are in the pockets of the oligarchs.
HK65@sopuli.xyz 1 month ago
Tiktok?
Bloomcole@lemmy.world 1 month ago
LOL You can’t nationalise foreign companies.
HK65@sopuli.xyz 1 month ago
You can do so to the local subsidiary
Bloomcole@lemmy.world 1 month ago
Tencent would never allow it.
Besides it’s software, that has no subsidiaries.
If it were cars like BYD or Geely then maybe.
In this case there is nothing to steal.
captain_aggravated@sh.itjust.works 1 month ago
Conrail?
PumpUpTheJam@lemmy.world 1 month ago
Racism. 1776.