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> For the last 10 years, "if it gets bad enough, there will be a bail out" has become standard investment wisdom. Plenty of private companies receive public fu

> For the last 10 years, "if it gets bad enough, there will be a bail out" has become standard investment wisdom. Plenty of private companies receive public funding disguised as defense costs and the output of their research goes to private investors. The transistor, GPS, Arpanet, etc ... > Socialism for those who own, free markets for those who don't. I get the point but the sentence is an oxymoron.

goliatone 8y ago
An oxymoron that seems to depict very well what the OP sees as the current state of affairs. You might not agree with the assessment, different matter
- eeZah7Ux 8y ago
  No, I don't disagree with the analysis. I'm referring to the literal use of the term: https://www.merriam-webster.com/dictionary/socialism https://www.merriam-webster.com/dictionary/socialism "any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods " I understand what the parent is trying to say and I agree with it, but "socialism only for the rich" is literally not socialism.