Multinational Advantages or Disadvantages

Generally speaking multinational means the the control of industries by the country .when a government takes under its control as owner any privately run business then this act is known as the multi nationalization। The state and country is owner of the nationalized concern।
The state and government are responsible for loss and the profit of the nationalized business .A few year ago our country , life insurance business was the nationalized then fourteen banks were nationalized .Many other industries and business concerns including coal mines , have also taken by the government .Some people are against nationalization They say that by nationalization governments takes away the right of citizens to do any business which they thinks themselves to be capable of this is against the spirit of democracy .But its not so .Nationalization and democracy can go hand in hand .They have not opposed to each other।
Nationalization has become the economic creed of modern times Its advantages are many
First private ownership of big industries and business concerns gives rise two classes.One side there are big capitalist who own manage and control the firms and mills On the other are poor laboures । The capitalist become richer while poor labour grow poorer .Nationalization remove exploitations .it reduces inequalities The distribution of wealth become uniform।
The second under private ownership competion is very keen. Thus big and powerful capitalists try to crush their small rivals .This is against national interest ।
Nationalization curbs unhealthy competions and check corruption There are certain basic industries which must not be left in the private persons .They must be run by goverment production of arms , communications ,atomic energy , public utilities service like railway,electricity,oil and natural gas ,water work and aviation etc are some industries In such production work , the service of public is the main motive and not to earn earning the profits .We are carry to note that a number of public sector under taking are not doing commendable work .There are today number of autonomus corporations and they are not succeeded in increasing productions .they are must faces stiff competions from private enterprises so that their efficiency may be increased .The sprit of competions is good for the nation ।
Dashrath Singh Rajpurohit
BE electrical Engineer
३० Jan २००८