Socialism for the rich and capitalism for the poor

Socialism for the rich and capitalism for the poor

Socialism for the rich and capitalism for the poor is a classical political-economic argument, formulated around 1970, [John Wykert1, Gerald M. Pomper2, 3 and David M. Gordon [http://www.springerlink.com/content/42306v75113724lh/ Society Volume 9, Number 3 / January, 1972] ] stating that in the advanced capitalist societies, what actually happens is that the state gives much more resources to help the rich than the poor. The argument has different formulations, one of the most common is, the capitalist political economy toward big corporations is "privatizing profits and socializing losses."

ee also

*Corporate welfare
*Trickle-down economics
*Lemon socialism
*Critique of capitalism
*Neoliberalism
*Business ethics

Notes

References

*William O. Douglas (1969) "Points of Rebellion" [http://www.thirdworldtraveler.com/Dissent/Points_Rebellion_Douglas.html p. 68]
*Ralph Nader " [http://www.nader.org/opinions/51599.html Welfare for the Rich] " New York Times Op-Ed, May 15, 1999
*Noam Chomsky, " [http://www.drugtext.org/library/articles/chomsky1.html How Free is the Free Market?] " Resurgence no. 173. November-Dicember 1995
*Peter McLaren and Ramin Farahmandpur " [http://www.jstor.org/pss/1176914 Reconsidering Marx in Post-Marxist Times: A Requiem for Postmodernism?] " Educational Researcher, Vol. 29, No. 3 (Apr., 2000), pp. 25-33
*Coontz, Stephanie (1995) " [http://www.questia.com/googleScholar.qst;jsessionid=LWMJhV27Bp3zYCjxRqP49JWPnyDNcfJ3H0pBkQcc6XTQ2TP1dPhl!-1801416312?docId=5001645838 The American Family and the Nostalgia Trap. KAPPAN Special Report.] " Phi Delta Kappan, v76 n7 pK1-K20 Mar 1995
*Noam Chomsky (2006) "Failed States: The Abuse of Power and the Assault on Democracy" [http://www.geocities.com/CapitolHill/1931/secD8.html p.126]
*" [http://www.countercurrents.org/lendman250406.htm The Corporate Control Of Society And Human Life] " By Stephen Lendman 25 April, 2006 Countercurrents.org
*cite journal |last=Reich |first=Michael |authorlink= |coauthors= |year=1972 |month= |title=Does the U.S. Economy Require Military Spending? |journal=American Economic Review |volume=62 |issue=1–2 |pages=296–303 |doi=10.2307/1821555 |url= |accessdate= |quote=
* [http://therealnews.com/id/1996/August1,2008/What+will+real+economic+change+look+like%3F What will real economic change look like?] August 1, 2008 The Real News
* [http://www.alternet.org/story/92426/the_u.s._economy_is_socialism_for_the_rich/?page=1 The U.S. Economy Is Socialism for the Rich]
*Joel Bakan (2004) "Corporation: The Pathological Pursuit of Profit and Power", Free Press, 2004 [http://66.102.1.104/scholar?hl=it&lr=&q=cache:QR2p4g5hMccJ:greentheoryandpraxis.ecopedagogy.org/index.php/journal/article/viewArticle/25+%22socialism+for+the+rich%22+%22capitalism+for+the+poor%22 p. 151]


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