How Nationalised Services Became Private Empires
Theoretically, there should have been nobody left within such a State, with enough prodigious wealth to ever buy these back! So, how was it achieved?
It wasn't an armed Counter-Revolution, so it must have been organised by a new, democratically-elected Government, with such as its "winning policy", promised in an election! But, why did they win, and what forces within Society were strongly in favour of such a radical change?
It wouldn't be the workers, unless, of course, they had been lied-to - for example, by promising, "More Freedom", "More Democracy" and "Less Corruption"!
But then, what section of Society would make such promises, while also wanting industry to remain in their hands, but, now primarily, for their own profit? It could only be one already privileged group - The Bureaucracy! They had been running the Nationalised Industries, ostensibly "for the people", and had got a taste for the even better life they could lead, if they got much-increased rewards for what they already were doing, but no longer as "privileged servants", but instead as owners!
But, how could this possibly be organised?
Simply giving everything back to the pre-revolutionary Capitalists was not likely to be popular, so, could they be sold at a "knock down" price to "the best" of those who had been running things for the people for so long? Who else could it be? The prior state media would have been extolling the virtues of particular Public Servants, and the People would, most certainly, "have their favourites": no-one else would even be nationally known, at least politically.
NOTE: It is interesting how certain entertainers can also "fit the bill", in such situations, and head up "new parties" too! But who, among these well-known figures, were the known perpetrators of Corruption, and who could be trusted to continue to serve the people?
That was easy!
All those who were known to have actually extorted the backhanders, were the "baddies". While those "never-evidently-involved", and were now condemning such things, and from the higher echelons of the Bureaucracy; were they the "goodies"? So, in the rising political tumult, the easily-identified baddies would be out, while those they had actually been working for, and who had amassed the money needed to buy - they would be in!
The new government of ex-bureaucrats sold the Nationalised Industries at knock down prices to those with the money, and used that money to finance various projects that "proved which side they were on!" How else could the State owned industries have been sold-off?
And, how else could the billionaire Oligarchs have arisen so very quickly? It just had to be "Privatisation-on-steroids" - no wonder the new powers-that-be considered drugs-for-athletes a legitimate way forward!
So, this analysis doesn't only fit the Failed Socialist States such as Russia and its Empire, but even Modern China - ostensibly still Socialist!
So what is all this anti-Russian, anti-China and even anti-Iran propaganda promoted by western politicians all about?! For their "dreaded enemies" are no longer threatening the End of Capitalism, but are energetically subscribing to it!
It is clearly the new inter-Capitalist rivalries. Remember, such rivalries caused both World War I and World War II!