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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.
The Denationalisation of Money is a 1976 book by Friedrich Hayek. [1] The author advocated the establishment of competitively issued private moneys. [2] In 1978 Hayek published a revised and enlarged edition entitled Denationalisation of Money: The Argument Refined, where he speculated that rather than entertaining an unmanageable number of currencies, markets would converge on one or only a ...
During his presidency, Mexico it was clear that some land reform needed to be carried out. Agrarian reform was a revolutionary goal for land redistribution as part of a process of nationalization and "Mexicanization". Land distribution began almost immediately and affected both foreign and large domestic land owners (hacendados). The process ...
Land reform may consist of a government-initiated or government-backed property redistribution, generally of agricultural land.Land reform can, therefore, refer to transfer of ownership from the more powerful to the less powerful, such as from a relatively small number of wealthy or noble owners with extensive land holdings (e.g., plantations, large ranches, or agribusiness plots) to ...
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 ...
2008 On May 1, 2008, the nationalization of Bolivia's leading telecommunications company Entel was completed, previously having been owned by Telecom Italia. [ 13 ] 2010 On May 1, 2010, the government nationalized the country's main hydroelectric plant, thereby assuming control over most of Bolivia's electrical generation and end-user sales.
In March 1933, Long offered a series of bills collectively known as "the Long plan" for the redistribution of wealth. The first bill proposed a new progressive tax code designed to cap personal fortunes at $100 million ($2.372 billion in 2024 dollars). Fortunes above $1 million ($23.72 million in 2024) would be taxed at 1%; fortunes above $2 ...
There are also intentional communities which practice collective agriculture. [ 54 ] [ 55 ] There is a growing number of community supported agriculture initiatives, some of which operate under consumer/worker governance, that could be considered collective farms.