Also means
to nationalize, to socialize (property)
Usage Note
Socializar has two distinct uses: in everyday speech it means to socialize with others (salir a socializar), a direct calque of English. In political and economic contexts it means to bring property or services under collective or state ownership — closer to 'nationalize.' Context usually makes the meaning clear, but learners should be aware of both senses.
Examples
"Le cuesta socializar con personas nuevas."
Natural Translation
He finds it hard to socialize with new people.
Literal Translation
To-him it-costs socializing with new people.

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