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Should Industries be Nationalized?

On July 31, 2015 By Pawan Srivastav Category: Blog

Should Industries be Nationalized?

The demand for nationalization of industries has to be dealt with caution. The following points should be considered:

1. If the government’s financial and administrative problems are already complicated, it may be undesirable to encourage or introduce further nationalization.

2. Considerations of public welfare must guide the government’s industrial policy. The government should not allow the excesses of the industrialists.

3. The government should try every means in its power to bring about greater co-operation between capital and labor and realize higher standards of production.

4. Where considerations of efficiency unmistakably favor nationalization, the government should not hesitate to adopt that course.

5. A government, like an individual, has to learn its lessons by trial and error, and nationalization also is to be given a fair trial, fair enough to bring out its best results. Nationalization may be practicable in some spheres and desirable in many others. But we must hasten slowly.

Related posts:

  1. Small-Scale Industries: Role, Importance, Types, Problems, and Solutions
  2. Problems Faced by Small Scale Industries in India
  3. Short Paragraph on Large Scale Industries in India
  4. Importance of Cottage Industries in India
  5. Mughal Industries, Industries during Mughal Period
  6. Public Sector and Nationalization of Industries in India
  7. Sources of Capital for Large Scale Industries
  8. Development of Small Scale Industries in India
  9. Importance of Small Scale Industries in India

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Related Posts

  1. Small-Scale Industries: Role, Importance, Types, Problems, and Solutions
  2. Problems Faced by Small Scale Industries in India
  3. Short Paragraph on Large Scale Industries in India
  4. Importance of Cottage Industries in India
  5. Mughal Industries, Industries during Mughal Period
  6. Public Sector and Nationalization of Industries in India
  7. Sources of Capital for Large Scale Industries
  8. Development of Small Scale Industries in India
  9. Importance of Small Scale Industries in India




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