Nationalizing The Oil Industry

My grandfather was a Socialist back in 1920s and 1930s. He believed that the government could do a better job of running important industries than the private sector. In recent years there have been growing numbers of Americans who are calling for not just government intrusion into the private sector but for “taking it over.” Until recently socialized medicine was at the forefront of what appears to be a growing national zeitgeist. However, it is now most visible in the calls for the nationalizing of the oil industry. First, it was Hillary Clinton saying that she would “take the profits” of the oil companies, and now Maxine Waters wants to “take over” the oil companies.