Tag Archives: nationalization

French socialist can relate to Obama.

Industry Minister Arnaud Montebourg, a member of the governing Socialist party in France, has this to say: “Barack Obama’s nationalized… It’s a very good sign to send out (to investors). Nationalizing is a very modern step to take.”

Nationalization is modern?

Kim Il-Sung, tyrant of North Korea, nationalized industries when he came to power in 1948:

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By the end of 1960, Fidel Castro’s Cuba had nationalized more than $25 billion worth of private property:

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In his spare time (while he wasn’t out killing millions of civilians) during the early 1950s, Mao Zedong nationalized Chinese industries:

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Obama’s idea to “nationalize” is NOT “modern,” nor is it original.