Nationaliseeritud

Nationaliseeritud is the past participle of the Estonian verb nationaliseerima, meaning to nationalise. To nationalise is to transfer ownership of private property, such as businesses or industries, to the state or public ownership. This process is often undertaken for strategic industries, perceived national interest, or as a response to economic crises.

The act of nationalisation typically involves the government acquiring private assets, often through purchase or expropriation. The justification for such a move can vary widely, including the belief that certain sectors are too vital to be left in private hands, to ensure equitable distribution of resources, or to exert greater control over economic policy. Conversely, denationalisation, the process of returning nationalised assets to private ownership, can also occur. The term "nationaliseeritud" specifically refers to something that has already undergone this process of state acquisition. Examples might include a nationalised bank or a nationalised railway system, indicating that these entities are now under state control rather than private ownership. The economic and social implications of nationalisation are a subject of ongoing debate among economists and policymakers.