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The Western Economy is based on the privatization of profits but the socialization of losses. Ask a Question

The Western Economy is based on the privatization of profits but the socialization of losses.
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4 Answers

In a nutshell.

That is not how its suppose to work, but I will agree that to some extent that is how things have turned out lately.

Nicely put.

Since the introduction of bailouts and stimulus packages, I would have to agree.

2 Replies to bakerbug's answer

Why single out bailouts and stimulus packages? It seems to me awards of no-bid contracts during wartime accomplishes the same thing??

What do you think Eisenhower was talking about when he warned us against the Military-industrial complex?