> Quietly also nationalize the debt to the public in a line item somewhere that nobody writes about. Squander resources for years. Sell back to industry claiming the salvation of capitalism.

Ah, the privatization switcheroo.

1) Have a state develop and pay for expensive and necessary assets

2) Preach that privatization is necessary because -something-something-government == inefficient.

3) Take prized assets at a bargain price. Under-invest chronically and strip valuable assets

4) Get paid again when company is re-nationalized

5) Goto 2)

To make the different steps smoother, you can add a good government-industry revolving-door policy. Nothing helps capitalism efficiency more than a bit of cronyism.