Final answer:
Governments often nationalize important companies facing financial ruin.
Step-by-step explanation:
The statement is True. Governments often nationalize important companies facing financial ruin. This means that the government takes control of the company and it becomes publicly owned. This can happen with or without compensating the original owner.
For example, in India, the government nationalized the railroads, electric utilities, and communication systems to ensure they were owned and operated in the name of the people rather than for the profits of foreign shareholders.
Similarly, in many new African and Asian countries, seeing the positive results of India's actions, governments nationalized important businesses to promote economic self-reliance and prevent foreign ownership.