Why does government of different nations fail to nationalise all the private ban

  1. Sambhunath profile image47
    Sambhunathposted 8 years ago

    Why does government of different nations fail to nationalise all the private banks ?

    There are many private and nationalised banks all over the world. The nationlised banks were priviously private and latter on nationalised by government.  Now a days government can also nationlise all the private bank for betterment of their nations. Hence government should nationlise all the private banks,and merge with existing nationlised banks.

  2. Dark knight rides profile image73
    Dark knight ridesposted 8 years ago

    Why do you think that nationalizing the banks is the best thing for the nation? In many nations that have nationalized their banks, the banks are worse off than in nations that haven't. Your logic also implies that the government can do a better job of running a a business than the business does, unlikely. When banks are run correctly, they are much more efficient and reliable that any other government run agency.

 
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