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See the aforism "Privatizing profits and socializing losses". I think the author is saying that the costs are being socialized by having taxes fund construction
by ademup 8y ago
See the aforism "Privatizing profits and socializing losses". I think the author is saying that the costs are being socialized by having taxes fund construction and maintenance while the owners are making it happen via the mechanism of crony capitalism.
- the_cat_kittles 8y agoseems kind of dumb to call anything that uses money from taxes socialist.
- yxhuvud 8y agoPrivatizing profits is not compatible with socialism though. Not even close.
- tylersmith 8y agoIt's sloppy language to call it "socialism" but it has socialistic properties. The worst of socialism mixed with the worst of capitalism presented under both terms so people from both sides will agree.