Archive Report
Archive Report
Nationalization of Industry in Postwar World
Impending Changes in National Economic Structures
Nationalization of key industries, now under way in Great Britain and in numerous European countries, is perhaps the most striking economic development to come out of the war. World War I had far-reaching political consequences on the Continent, but only Russia experienced revolutionary economic changes. While the state took over all industry in the U. S. S. R., private enterprise remained the predominant economic system elsewhere. World War II will have more profound effects on national economic structures. The current trend toward government acquisition of major industries promises to make socialism, or a modified form of socialism, the prevailing pattern in the European economy.
Telephone and telegraph systems have long been operated as government services ...