We absolutely should not go down the road of nationalizing companies and means of production. The government already has too much influence and control over our lives, we don't need them taking even more by using their power to gobble up failing companies.

We should watch how poorly its going trying to have NYC own something as simple as a few grocery stores. If the government is stepping in to make things cheaper they're destroying competition in the entire industry. They either inadvertently end up owning the entire industry by driving out all privately owned companies, or they subsidize those private companies so they can compete with the state owned ones.