To realize fully the necessity for Nationalization we must understand — Nationalization

"My sin - my greater sin [...] and even my greatest sin is that I nationalized Irans oil industry and discarded the system of political and economic exploitation by the worlds great empire (The U.K.) [...] This at the cost to myself, my family; and at the risk of losing my life, my honor and my property."

"The bureaucratization inherent in Communist regimes was also responsible for the economic failures that either contributed to their downfall or else compelled them to abandon Communism in all but name. The nationalization of productive assets led to the transfer of their management to officials who had neither the competence nor the motivation to operate them efficiently. The inevitable result was declining productivity. Furthermore, the rigidity inherent in centralized management made Communist economies unresponsive to technological innovation, which explains why the Soviet Union, despite its high level of science, missed out on some of the most important technological discoveries of recent times. As Friedrich Hayek has pointed out, only the free market has the ability to sense and respond to shifts in the economy. And only the prospect of enrichment motivates people to exert themselves beyond their immediate needs. Under Communism, effective incentives were lacking: indeed, diligence at work was punished, in that meeting one’s productivity quotas resulted in these quotas being raised."

"Chile has nationalized copper, its basic resource, which accounts for over 70 percent of its exports. Little regard has been given however to the fact that the nationalization process, with all its implications and consequences, including the establishment and payment of indemnities, has been the clearest and most categorical expression of the will of its people, and has been carried out in full accord with a precise mandate of provisions established in the nations Constitution. Little regard has been given the fact that the foreign companies which exploited the mines have drawn profits many times greater than the value of their investments. These companies which amassed huge fortunes at our expense, and assumed that they had the right to burden us indefinitely with their presence and their abuse, have stirred up forces of every kind—including those of their own state institutions, in their country and elsewhere—to attack and injure Chile and its economy."

"There will be no economic or political justice for the poor, people of color, women or workers within the framework of global, corporate capitalism. Corporate capitalism, which uses identity politics, multiculturalism and racial justice to masquerade as politics, will never halt the rising social inequality, unchecked militarism, evisceration of civil liberties and omnipotence of the organs of security and surveillance. Corporate capitalism cannot be reformed, despite its continually rebranding itself. The longer the self-identified left and liberal class seek to work within a system that the political philosopher Sheldon Wolin calls “inverted totalitarianism,” the more the noose will be tightened around our necks. If we do not rise up to bring government and financial systems under public control—which includes nationalizing banks, the fossil fuel industry and the arms industry—we will continue to be victims."

"Now, Therefore, I, Woodrow Wilson, President of the United States, under and by virtue of the powers vested in me by the foregoing resolutions and statute, and by viture of all other powers thereto me enabling, do hereby, through Newton D. Baker, Secretary of War, take possession and assume control at 12 oclock noon on the twenty-eight day of December, 1917, of each and every system of transportation and the appurtenances thereof located wholly or in part within the boundaries of the continental United States and consisting of railroads, and owned or controlled systems of coastwise and inland transportation, engaged in general transportation, whether operated by steam or by electric power, including also terminals, terminal companies and terminal associations, sleeping and parlor cars, private cars and private car lines, elevators, warehouses, telegraph and telephone lines and all other equipment and appurtenances commonly used upon or operated as a part of such rail or combined rail and water systems of transportation; - to the end that such systems of transportation be utilized for the transfer and transportation of troops, war material and equipment, to the exclusion so far as may be necessary of all other traffic thereon; and that so far as such exclusive use be not necessary or desirable, such systems of transportation be operated and utilized in the performance of such other services as the national interest may require and of the usual and ordinary business and duties of common carriers."

"Government ownership would serve the interests of democracy by taking this vitally necessary industry out of the grip of a mass of holding companies and financial interests intent on profits and placing it in the hands of representatives of the 150,000,000 people in these United States."