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by icebraining
3590 days ago
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So, we have: - Seizing companies literally run by criminal organizations. - A single time during war when companies were nationalized, and which was then ruled "an unconstitutional abuse of presidential power". - A bailout of the shareholders and creditors of failed companies. The only relevant one seems to be the second, and the outcome in the courts doesn't sound promising. |
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Also of note, their are thousands of examples in history, this is just referencing a few hundred to make a point.
PS: It's also worth noting that the mob example was taking control not just ownership. These companies where money laundering for example so they needed to remove people from the payroll who did not work there.