4 ms·
Privatize profit, socialize loss, blame the free market, and strut like a boss.
by presidentender 16y ago
Privatize profit,
socialize loss,
blame the free market,
and strut like a boss.
- flatline 16y ago"I've abandoned free-market principles to save the free-market system." - George W. Bush
- arethuza 16y agoAt least Bush never presented himself as an expert on economics, what about this classic: "we today in our country have economic stability not boom and bust" - Gordon Brown
- borism 16y agosaid on March 28 2002, speech to the TGWU conference, Manufacturing matters. When this might have well been the feeling. For everyone.
- JonnieCache 16y agoSome relevant reading around this notion: http://en.wikipedia.org/wiki/Socialism_for_the_rich_and_capitalism_for_the_poor http://en.wikipedia.org/wiki/Socialism_for_the_rich_and_capi... http://en.wikipedia.org/wiki/Privatizing_profits_and_socializing_losses http://en.wikipedia.org/wiki/Privatizing_profits_and_sociali... http://en.wikipedia.org/wiki/Corporate_welfare http://en.wikipedia.org/wiki/Corporate_welfare Game theory at work, on many levels.