Seize the means of production is a decision available to all civilized nations.
It is possible to take, if a great power has made Foreign investments in the country, and the country is not in any sphere of influence. It removes all great powers investments, and will thus hurt them in the race for influence.
It is wise to take, if a great power has invested in the country, and it would be very bad if said great power sphered you. As an example 
Saxony nationalising 
Prussian investment to prevent the formation of 
North German Federation.
The AI will never take the decision.