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to nationalize

to nationalize

25 6.8
To bring an industry or company under government control
  • verb
  • /ˈnæʃənəˌlaɪz/
  • Specialized
translation icon : nacionalizar
  • If necessary, the Republic of the Alands will nationalize literary production.
  • nationalize major industries
  • nationalize foreign companies
  • nationalize the oil

So Prime Minister Mossadegh and the Iranian parliament nationalized the Iranian oil resource.

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Examples

  • An ANC-dominated government would lean toward nationalizing major resources and available land.

    Academic text (1991)
  • After a vain search for private sector solutions, the government nationalized Northern Rock in February 2008.

    Academic text (2008)
  • Third, they did not nationalize the banks.

  • He's definitely gonna nationalize the oil.

  • The government's decision to nationalize the banks fostered strong resistance from the right.

    Academic text (1994)
  • This guy's already nationalized the gold and diamond mines.

  • When the government took more coercive measures and nationalized the banks, business confidence collapsed.

    Academic text (1994)
  • In the face of rapidly declining production, the government reluctantly began nationalizing firms and industries.

    Academic text (1992)
  • PDVSA was founded when the Venezuelan oil industry was nationalized on 1 January 1976.

    Academic text (1999)
  • The government decided to nationalize the railway system to improve efficiency and reduce costs for travelers.

Synonyms

to socialize
vsto nationalize
  • Formal
28 8.4

To put businesses under government control

refers to placing under state ownership without ideological emphasis
to collectivize
vsto nationalize
2 8.6

Put farms, land, and businesses into shared ownership controlled by the government or community

focuses on state takeover rather than community or cooperative ownership
to renationalize
vsto nationalize
  • US
1 7.7

To bring a company or service back under government ownership after it became private

is about bringing under state control without implying prior privatization

Antonyms

61 6.4

To move a government business or service to private companies

to denationalize
  • Specialized
8.4

To move a business or service from government control to private owners

How Public

to expropriate
  • Formal
4 8.8
to nationalize
  • Specialized
25 6.8
to regulate
258 3.4
to privatize
  • US
61 6.4

Surface Forms

nationalize infinitive
nationalized past participle
nationalizing present participle
nationalizes third person singular

Morphology

nationalize = national (semi-transparent) = nation + al + ize

Formally regular derivation from 'national', but the common political/legal sense 'transfer to state ownership' is a specialized extension that may not be fully inferable by all learners.

Etymology

The word nationalize comes from nation, meaning 'the people or country', and the ending -ize, meaning 'make'. So when a government nationalizes a company, it makes that company belong to the whole country or the state instead of private owners.