A Quote by Indira Gandhi
It's the same story as when we nationalized the banks. I'm not for nationalization because of the rhetoric of nationalization, or because I see in nationalization the cure-all for every injustice. I'm for nationalization in cases where it's necessary.
Related Quotes
It is significant that the nationalization of thought has proceded everywhere pari passu with the nationalization of industry.
Nationalization would likely mean wiping out the big banks' managements and shareholders. It's because that reckoning has mostly been avoided so far that those bankers may be the Americans in the greatest denial of all.
I suggested a compromise to give the banks a year's time and see if they succeed in showing us that nationalization wasn't necessary. The year went by and we realized it hadn't done any good, that the money still ended up in the hands of the rich industrialists or friends of the bankers. So I concluded that it was necessary to nationalize the banks. And we did. Without considering it a socialist gesture or an antisocialist gesture, just a necessary one. Anyone who nationalizes only so as to be considered on the left to me is a fool.
You see, another reason for nationalization was that private ownership meant fragmentation.
Nationalization, unmentionable only yesterday, has entered common usage not least because an even scarier word - depression - is next on America's list to avoid.
Those were the ideals that drove us to nationalization of the health service.
Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
I think this notion that public enterprises do not work and therefore nationalization will be a disaster, I mean, it's not supported by evidence.
Temporary nationalization of the banks that are in very bad shape would mean basically that the government is the temporary owner. I always believe that the government should focus on its comparative advantages, and banking is not one of them. It should, therefore, if it nationalizes banks, sell them back to the private sector.
You know of our sympathetic interest in this country in Iran's desire to control its natural resources. From this point of view we were happy to see that the British Government has on its part accepted the principle of nationalization.
China's many nationalities need only to be transformed into the Chinese nation and to make it a highly civilized nation; then the nationalization process will be completed.
Many Americans, but Republicans in particular, long opposed the nationalization of industry and state-controlled companies that are more common in Europe. Instead, they were proud of the American commitment to both economic and political freedom.
When at just 27 years old, Qaddafi, colonel in the Libyan army, inspired by his Egyptian colleague Abdel Nasser, overthrew King Idris I in 1969, he applied important revolutionary measures such as agrarian reform and the nationalization of oil.
If the people lose control of the arteries of trade and the natural sources of mechanical power, the nationalization of all industry should soon be expected. Our forefathers were alert to resist all encroachments upon their rights. If we wish to maintain our rights, we can do no less.
There are four characteristics which brand a country unmistakably as a dictatorship: one-party rule, executions without trial or with a mock trial for political offenses, the nationalization or expropriation of private property, and censorship. A country guilty of these outrages forfeits any moral prerogatives, any claim to national rights or sovereignty, and becomes an outlaw.
In 2005, before I was president, the state of Bolivia had only $300 million from hydrocarbons. Last year, 2007, the Bolivian state - after the nationalization, after changing the law - Bolivia received $1,930 million. For a small country with nearly 10 million inhabitants, this allows us to increase the national economy.
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