That 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

That 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