Origin
Mark J. Green coined the exact phrase in a 1974 article discussing the utility company, Con Ed.
The sentiment was earlier expressed in the adage "Socialism for the rich and capitalism for the poor", which was in use by the 1960s, and the notion of privatizing profits and socializing losses dates at least to 1834 and Andrew Jackson's closing of the Second Bank of the United States.
Read more about this topic: Lemon Socialism
Famous quotes containing the word origin:
“For, though the origin of most of our words is forgotten, each word was at first a stroke of genius, and obtained currency, because for the moment it symbolized the world to the first speaker and to the hearer. The etymologist finds the deadest word to have been once a brilliant picture.”
—Ralph Waldo Emerson (1803–1882)
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our lightning strikes when the earth rises,
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dead John Brown’s body walking from a tunnel
to break the armored and concluded mind.”
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“In the woods in a winter afternoon one will see as readily the origin of the stained glass window, with which Gothic cathedrals are adorned, in the colors of the western sky seen through the bare and crossing branches of the forest.”
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