The word 'nationalize' is correct and commonly used in written English
It means to bring under the ownership or control of the government, often for the benefit of the whole country. Example: The government plans to nationalize the healthcare system in order to provide free and equal access to healthcare for all citizens.
Like Kevin Drum, I think that as the "nationalize now" meme has taken hold in the blogosphere, people are talking about nationalization "awfully casually".
At that point, he's out of options and it's time to nationalize.
Every time you nationalize and wipe out shareholders, you create a dangerous precedent and scare away private capital for a long time.
But I don't get why we keep having this misleading back and forth on whether to nationalize the banks or not.
Facing a deteriorating economic situation, the president moved to nationalize the banks in 1987, an act that eroded his personal popularity.
In March 1951 Mosaddeq secured passage of a bill in the Majles (parliament) to nationalize the vast British petroleum interests in Iran.
The soviets should forthwith confiscate landlords' estates without compensation, nationalize all land, and divide it among the peasants.
The Beijing court therefore decided to nationalize some important railways in order to accelerate their construction by means of foreign loans, hoping that the expected railway profits would somehow alleviate the court's inveterate financial plight.
Yet the system was undermined in the early 20th century, first by demands made by the government upon the banks and ultimately by the decision to centralize and nationalize China's paper currency system.
The Swiss eventually voted in 1898 to nationalize the main lines, and in 1902 the Swiss Federal Railways (Schweizerische Bundesbahnen) was formed.
He was a vehement partisan of federal interests in the Swiss quarrels with Prussia over Neuchâtel (1856 57) and with France over Savoy (1859), and he led the early unsuccessful struggle to nationalize Swiss railways (1862).
