2 ms·
Socializing the losses...I like that turn of phrase :-)
by chosenbreed37 6y ago
Socializing the losses...I like that turn of phrase :-)
- joshuaissac 6y agoThat phrase (the full form of which is "privatising the profits and socialising the losses") is often used in criticisms of bailouts of failing companies. This practice even has a name: lemon socialism.[1] 1. https://en.wikipedia.org/wiki/Lemon_socialism https://en.wikipedia.org/wiki/Lemon_socialism