Capatism

Capatism - To Privatize profits, and Socialize losses.A hybrid social-economic structure whereby privatized Companies and Financial Institutions reap the benefits of profits, and are supported by Governments via taxpayers money when they fail. This phenomena can be seen in the global financial disaster that unfolded in February 2008, being referred to at the time as “The Wall Street Bail-out". http://business.timesonline.co.uk/tol/business/economics/article4909672.ecehttp://www.nytimes.com/2008/09/21/business/21qanda.html