Quote Originally Posted by jon1959 View Post
Why is it undemocratic?

Critics have called various nationalisations 'unfair', 'inefficient', or leading to 'no or inadequate compensation'. They would wouldn't they.

But undemocratic it isn't. Elected government, through Act of Parliament, taking major utilities or vital industries into public ownership must be the definition of democratic.
Depends on how you view democracy. Very few parties secure the popular majority although they may have a majority of seats.

Not all industries need be nationalised. In fact I would say none should be nationalised at all but some, such as trains, need a new economical model that takes the best of public and private. Total public ownership can lead to lack of productivity and total private ownership can lead to lack of investment. There has to be an optimum middle ground