Nationalization is a term that is common in the developing world but is new to American dialog. To Americans it has been a negative term. Poorly managed Third World countries often nationalized western assets. The current global economic crisis has led to wholesale nationalization in order to prop up poorly managed companies in a wide variety of sectors.
Americans are experiencing shift of enormous proportions. No money, no love. An economy based on borrowing to finance even every day products and services is in deep trouble when credit dries up and lending to businesses and consumers have come to a halt. How big of a bail-out is needed to revive the US economy? It still appears the be the case, when the American economy is sick, the global economy needs drastic life support.
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