Socialism for the rich and capitalism for the poor

Common card · No. 398370

"Socialism for the rich and capitalism for the poor" is a 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 a bailout. The term corporate welfare is widely used to describe the bestowal of favorable treatment to big business (particularly corporations) 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 benefit from government interventions ("lemon socialism"). The argument has been raised and cited on many occasions. Variations of the concept include "privatize profits and socialize risks" (or "privatize gains and socialize risks") as well as "free markets for the poor while state protection for the rich".

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