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Nationalization may produce other effects, such as reducing competition in the marketplace, which in turn reduces incentives to innovation and maintains high prices. In the short run, nationalization can provide a larger revenue stream for government but may cause that industry to falter depending on the motivations of the nationalizing party. [9]
The phrase is sometimes related to the term class warfare, where the redistribution is alleged to counteract harm caused by high-income earners and the wealthy through means such as unfairness and discrimination. [4] Redistribution tax policy should not be confused with predistribution policies. "Predistribution" is the idea that the state ...
The author cites France and to a lesser extent Italy as the prime examples of modern European state capitalism. [85] A general theory of capitalist forms, whereby state capitalism is a particular case, was developed by Ernesto Screpanti , who argued that Soviet-type economies of the 20th century used state capitalism to sustain processes of ...
Almost every aspect of government has an important economic component. A few examples of the kinds of economic policies that exist include: [1] Macroeconomic stabilization policy, which attempts to keep the money supply growing at a rate that does not result in excessive inflation, and attempts to smooth out the business cycle.
Transfer payments to (persons) as a percent of federal revenue in the United States Transfer payments to (persons + business) in the United States. In macroeconomics and finance, a transfer payment (also called a government transfer or simply fiscal transfer) is a redistribution of income and wealth by means of the government making a payment, without goods or services being received in return ...
The White House and Treasury Department may decide to convert the government's existing loans to the nation's 19 largest banks into common shares, just like it did with Citigroup (C), in order to ...
1868 Nationalisation of inland telegraphs under the General Post Office with the Telegraph Act 1868. [69] 1875 Suez Canal Company - The Egyptian share in the company was bought by the government. 1912 Nationalisation of National Telephone Company under the GPO, apart from Portsmouth and Hull. The Portsmouth telephone service was nationalised ...
This is a prominent example of the rise in nationalism and anti-globalization, as Brexit, a result of lengthy campaigns by UKIP and the Eurosceptic faction of the Conservatives for a national referendum, is regarded by many opponents as a manifestation of economic (and social) nationalism, and right-wing populism more broadly. [30]