PoliticsAugust 30, 2026
nationalizing
NASH-uh-nuh-ly-zing
Definition
The act of a government taking control of a private industry or natural resources, effectively bringing them under public or state ownership.
Etymology
Derived from the word 'nation' and the suffix '-ize,' it emerged in the 19th century to describe the process of converting private or local assets into the control of the state or national government.
In the news
In this article, a political scientist asks whether the US is nationalizing Venezuela's oil to clarify that the current agreement does not grant the US full state control over the resources. It highlights the distinction between a commercial deal and the state seizure of property.
Both Sides of Venezuelan Politics Denounce Trump’s ‘Biggest Oil Deal in World History’
Read the full article ↗The Eastern Herald