Why do some countries choose to nationalize natural resources? (natural resources and economies of latin america)

A big number of Latin American countries is poor. So due to the nationalization of resources more income goes to the government. Nationalization also excludes the possibility of resource income benefiting foreign interests. Furthermore, nationalization helps reduce inequality between social layers. When individuals or companies possess resources, there is often a larger income gap between the wealthy and the poor.

Many Latin American countries are very poor. When resources are nationalized, more income can go to the government. There are two ways that income is returned to the government. First, resources may be owned by the government, not by individuals. This is common for oil resources in most Latin American countries. Companies must pay high fees to produce the resources and are taxed heavily on profits. Nationalization also prevents resource income from benefiting foreign interests. In the past, foreign companies would exploit resources, and the profits would benefit the foreign power’s economy. Finally, nationalization helps reduce inequality. When private individuals or companies own valuable resources, there is often a larger income gap between the very wealthy and the very poor.

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the hollywood film industry of 1950 was threatened on several different fronts. television broadcasting was rapidly becoming the dominant entertainment medium in the united states. the paramount anti-trust consent decree requiring separate ownership for production companies and theater chains had gone into effect on 1 january 1950. large numbers of young men and women were marrying, having children, and moving to the suburbs, which affected the viability of downtown first-run movie theaters. foreign revenues were endangered by protectionist tactics including quota systems, high taxes, and blocked funds. finally, the morality and patriotism of hollywood films and filmmakers were under attack from government, religious, and citizens' groups.

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