A good idea but...

Nationalization was an idea all the rage in many parts of the world at a particular point in time. Our country was no exception. And so, a huge number of private enterprises were taken over by the state. There is always going to be resentment and allegations over the way these institutions were nationalized. Many would agree that it was a clunky, botched job. But much water has flowed under the bridge since then and the trends of socialism, at least its extreme brands, have fizzled out. The process of denationalization that has since been taken up by many Third World countries, was rife with corruption. Here again, our country was no exception. The problems, apart from the obvious kickbacks, scams and conflicts of interest, was how these concerns ere going to affect not just their workers, but also their consumers. If market forces are to instil efficiency in these institutions, they are also going to compel a measure of downsizing and profit maximization. Many privatized organizations laid off scores of employees with a single stroke of the pen; many raised the rates of the product or service they were providing. Giving the workers of the concern 10 percent of the shares, as Ms Rehman mentioned, is a good idea.