Nationalization has been discredited, but it has been replaced by a more insidious philosophy. The owner retains title, but is saddled with taxes, impositions, and regulations that might in some cases have seemed excessive to feudal tenants. Contract is here and their yielding it crucial gains to status. Individual rights are threatened by the privileges associated with group membership.
– Tom Bethell
When the owners of an entity no longer control what they can do with it, do they really own it? When a company ends up where Government dictates how it can be run and what it can do, do the shareholders really own it?
The latter is known as Fascism (aka, “why buy the cow when you truck the milk away for free”?)
