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This is called private profits and socialized risk.
In effect, the banks socialized risk and privatized profits.
Remove socialized risk while taxing ecological impacts and Solartopian technologies would eventually force fossil/nuclear fuels to extinction.
Corporate socialism remains at the center of our "uniquely American" failed, fragmented, U.S. health insurance model that emulates theWall Street norm of privatized profit and socialized risk.
Four years later, the industry is more concentrated than ever, trillions of dollars of derivatives trading remains opaque and the industry culture of privatized profits and socialized risk has been codified into law.
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(54)
Yet many of America's major banks are too big to fail, so they can privatize profits while socializing risk.
"Corporate welfare," one of his favorite issues, will also be front and center: he will campaign against tax breaks and government subsidies that allow big companies "to privatize profits and socialize risk".
For example, we might reasonably suggest that there ought to be restrictions on companies becoming too big to fail, because such organizations undermine the market by privatizing profits while socializing risk.
Compared to how Fannie and Freddie work, the Osborne venture goes even further in socializing risks.
This is not Communism any more than the Bush administration's strategy of privatizing profits while socializing risks is capitalism.
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