National Socialism

When any government owns major manufacturing and financial services industries, through its control of companies' common stock, national socialism is introduced into the economy. Whether or not socialism works depends upon the abilities of those in charge. If those in charge were the very same ones who previously failed at regulating and in ensuring accounting accuracy in those industries, it should not be beyond our predictive abilities to assume any failed regulator would also have to be a failed manager. It is unlikely that any company run by any government could prosper or would even survive. Simply because of known government ownership, the shares of stock in controlled companies would have to drop in value, as the public will no longer have any incentive to invest in the government controlled entities. In short, national socialism can't work.