The reason nationalizing things doesn’t work is because it makes billionaires mad, and billionaires use their money to get revenge, sabotage the shit out of the process and convince you it’s a failure with propaganda you don’t understand and get you to elect a government that undoes the nationalization or dismantles it or sabotages it further until it dies.

The general public can be reliably played like a fiddle to go directly against their own best interests, at full speed. Case in point: Trump. Also Reagan. Also all politics ever, really. “I love the poorly educated” is quite possibly the only true thing Trump has ever said.