Are nationalizations ever justified?

1. We have seen that nationalizations can be part of a shift towards a state run, or owned economy. Or driven by a crisis considered temporary and specific to a specific company or sector.
2. Are nationalizations justified?
3. Under what circumstances are these actions justified?
4. Should we not simply let the banks go bankrupt?
5. Are companies not best run by the private sector?
6. Please give reasons for your opinion.

Sample Solution