Exact(1)
And the death machine -- not unlike American-style capitalism with its socialized risk and privatized gain -- is so inherently flawed that tweaking around the edges simply will not do.
Similar(59)
As a result, many Americans now believe that the rules are rigged against them for the benefit of a few politically-connected financial speculators: privatized gains and socialized losses.
And when higher-yielding money-market accounts threatened the S&Ls with obsolescence, the government stepped in to guarantee larger S&L deposits alongside reduced regulations that essentially privatized gains in concert with the socialization of losses.
After all, powerful banks want to maintain their ability to privatize gains and socialize losses.
Such a fee would also "address the public policy concern that financial institutions are able to privatize gains but socialize costs arising in the financial sector," he said.
Many of the voices at Occupy Wall Street accuse political ideology on both sides, on the side of free markets but also on the side of big government, for serving the few at the expense of the other 99 percent — for paving the way to an entrenched permissive regulatory system that "privatizes gains and socializes losses".
As the recent global financial crisis taught us, privatizing gains while socializing losses is a dangerous economic policy and financial contagion cannot be easily quantified or reversed.
Romney privatized the gains and socialized the losses.
They make a lot of money, they privatize the gain, the minute things go tough, they nationalize the risk.
In February 2010 Paul Ryan presented a Republican "Roadmap" that TARPed the American safety net, socializing the risk and privatizing the gain.
Unlike today's bankers who privatize the gain and socialize the loss, the star of Honore de Balzac's César Birotteau wouldn't dream of being bailed out.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com