Yes. Canada has nationalized many industries, such as television, or its health care system (which is laden with problems and horrendous cost overruns).
Chinablix- You have it totally wrong. What you're describing is communism. Under a communist system, the people have absolutely no right to property or profits, as the state owns everything.
Under socialism, the state nationalizes various industries, but individuals can still own property, businesses, etc. However, they pay substantially more in income taxes to support the state, since anything run by government is grossly inefficient, such as health care.
It's interesting to see you use China, France, Cuba and Tsar Russia as examples of "unfettered capitalism". You don't have a clue. With the exception of Cuba, the other three countries were headed by Kings, and none were capitalist. Where do you hear this stuff? France's revolution DID NOT create a free republic, but a bloated socialist state which exists today. Cuba, China, and Russia became Communist states.
"Greed is a powerful ally"? Ally?
Capitalists understand that human nature is to excel and prosper. It's human nature to want to improve one's life. It's human nature to be creative and inventive. It capitalism that brought us all the wonderful things we enjoy in life. It's capitalism that brought us technology, medical advances, life saving drugs, etc.
Our country NEVER would have achieved greatness without the free market. NEVER.
Karl Marx? His theories were all about power. Power of the state over the individual.
One more thing, the "decontrol" of banking isn't what caused this mess. It was government meddling in the market, for political clout, that got us here. It was government forcing banks to write loans to "underprivileged" people who could never pay them back, which led to this mess. It was government forcing banks to throw out the smart lending rules that had always served them so well. It was people buying homes and cars (which they couldn't afford), on credit, then defaulting.
Learn your history before preaching.