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52 sats \ 7 replies \ @Kontext 13 May 2024 \ on: Stacker Saloon
I've been thinking about the saying:
"Socialism for the rich and capitalism for the poor"
While I agree with what it's meant to convey (which is, essentially the Cantillon effect), I can't get over the fact that it portrays socialism as the "good" system. What's a better way to say it?
"Socialized losses, privatized gains" is a better description, but it's not of exactly the same thing.
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"Bailouts for the rich, bail-ins for the poor" ?
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That's really good, but most people probably haven't heard of bail-ins.
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Hah, yeah... I hope they never will.
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+1.
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deleted by author
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I like that
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