Privatization of Profits Quotes

As in the past, the costs and risks of the coming phases of the industrial economy were to be socialized, with eventual profits privatized.

Public anger over bank bailouts was as much about fairness as the billions of dollars spent.

A tremendous amount of the entrepreneurial initiative, if you want to call it that, comes from the dynamic state sector on which most of the economy relies to socialize costs and risks and privatize eventual profit. And that's achieved by, if you like, advertising.

Like so many large companies in the U.S., Monsanto has prospered in large part due to U.S. taxpayer-funded programs and services.

The public in many countries is understandably concerned by the commitment of substantial government resources to aid the financial industry when other industries receive little or no assistance. This disparate treatment, unappealing as it is, appears unavoidable.

Mitt Romney privatizes the gains from his enterprises, but spreads the costs to the rest of us. Seems that 'free stuff' is in the eye of the beholder.

In almost every enterprise, government has provided business with opportunities for private gain at public expense. Government nurtures private capital accumulation through a process of subsidies, supports, and deficit spending and an increasingly inequitable tax system.

The irony is that one of the things people want to solve climate change is more market - more price on carbon so that markets have something to chew on when they think about climate change instead of the complete monopoly, the absurdity of allowing these guys to own the sky for free - socialise all of the costs and privatise all of the profits.