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by tehjoker
620 days ago
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The idea behind nationalization is that it takes Google out of the market economy and the profit motive. It's then possible to rationally design supports for new ideas, and removes one of the biggest reasons for fighting new ideas. |
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Telecoms in Australia is probably the best modern example I can think of, the nbn was given a monopoly and now delivers an expensive inferior product, and there is no real way to compete or innovate around it.
It doesn't exactly take them out of the market, it just creates a enterprise with legal protections and non market motivations for what it actually does.