I think I've found the answer.
The Italian word for “Nationalize” is “Nazionalizzare”.
Do you see a familiar word
contained in that translation?
We do pronounce that word as if speaking Italian as well.
The Nazis “nationalized”, ie, they were socialists.
National Socialist German Workers Party
Actually, it came from Nazitionale Socialiste Deutches Arbeiters Partei (aka NSDAP): National Socialist German Worker’s Party.