Newbie politics/economics question.
A reason given against nationalisation of industries is the cost of paying shareholders and other liabilities.
Some said:
1. Enact laws that place huge fines on their behaviour.
2. They can't pay but the debt/liability is attached to their value and books.
3. That penality is then deducted from the original barrier of nationalisation costs, reducing it to zereo or even negative.
Is this flawed?
cc @ChrisMayLA6 @2legged if they want to answer