Nationalization Theory

Nationalization Theory is the idea that a government should take control of key industries or resources—like oil, railways, or utilities—to ensure they operate in the national interest. This approach aims to promote economic stability, equitable resource distribution, and public welfare by reducing private sector influence. Under this theory, nationalized industries are managed by the state rather than private companies, which can lead to more consistent policies and reinvestment into public services. It reflects a belief that essential services and resources should serve citizens' needs rather than solely maximizing profits for private owners.