Who was the first person to talk about "privatized profits, socialized risks" to describe the United States' current capitalist society? It is so succinct and so true, and I wish I knew what name to hang off of it when I'm inevitably caught stealing the line at parties.
I think I first saw the phrase in Water Wars, a 2004 piece focusing on water companies in the developing world. It is everywhere now, currently popping up throughout discussion of the real estate crash and subprime meltdown.
How uneducated -- or reducated -- do we have to be to think this business strategy is a good thing to apply to every aspect of our lives?
Clearly we're at that level of education now.
Subscribe to:
Post Comments (Atom)
1 comment:
I say it a lot, so if you want you can attribute it to me.
Post a Comment