The Results of Financialization – Part II – “Nationalization”
In part II of the series called: The Results of Financialization. Gordon T. Long and Charles Hugh Smith discuss the nationalization of markets via central banks through governments. In the modern form of nationalization, governments don’t necessarily need to own the assets, but will control it through the central bank. This structure is already being tested in Japan, where the BOJ owns 5% of the Nikkei.