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Socialism for the rich and capitalism for the poor is a classical political-economic argument asserting that, in advanced capitalist societies, state policies assure that more resources flow to the rich than to the poor, for example in the form of transfer payments.
The term corporate welfare is widely used to describe the bestowal of favorable treatment to big business by the government. One of the most commonly raised forms of criticism are statements that the capitalist political economy toward large corporations allows them to "privatize profits and socialize losses." The argument has been raised and cited on many occasions.
Variations of the concept, include privatize profits/gains and socialize risks/losses/debts; and markets, free enterprise, private enterprise and capitalism for the poor while state protection and socialism for the rich.