Thatcher had to deal with the most deficit-laden nationalized industries in the developed world.

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The purchasing, production, and investment decisions of state-owned enterprises, nationalized industries, sovereign wealth funds, and other government-influenced actors all affect markets in ways that skew outcomes away from their optimums.

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By the time the opposition Labour Party took power in 1997, its leader, Tony Blair, had forced his party to accept much of her legacy, dropping its commitment to nationalized industries and embracing free markets.

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Entire industries or their parts can be nationalized and have been.

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