Socialism for the rich and capitalism for the poor is a classical political-economic argument, stating that in the advanced capitalist societies state policies assure that more resources flow to the rich than to the poor, for example in the form of transfer payments. The term corporate welfare is widely used to describe the bestowal of favorable treatment to particular 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 "privatize profits and socialize losses." The argument has been raised and cited on many occasions.
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Famous quotes containing the words socialism, rich, capitalism and/or poor:
“If Socialism can only be realized when the intellectual development of all the people permits it, then we shall not see Socialism for at least five hundred years.”
—Vladimir Ilyich Lenin (1870–1924)
“He is the rich man in whom the people are rich, and he is the poor man in whom the people are poor; and how to give access to the masterpieces of art and nature, is the problem of civilization.”
—Ralph Waldo Emerson (1803–1882)
“Capitalism is an art form, an Apollonian fabrication to rival nature. It is hypocritical for feminists and intellectuals to enjoy the pleasures and conveniences of capitalism while sneering at it.... Everyone born into capitalism has incurred a debt to it. Give Caesar his due.”
—Camille Paglia (b. 1947)
“Drink your fill when the jar is first opened, and when it is nearly done, but be sparing when it is half-empty; it’s a poor saving when you come to the dregs.”
—Hesiod (c. 8th century B.C.)