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:
“As with the Christian religion, the worst advertisement for Socialism is its adherents.”
—George Orwell (1903–1950)
“And the case of butterflies so rich it looks
As if all summer settled there and died.”
—Philip Larkin (1922–1986)
“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)
“Poor and content is rich, and rich enough,
But riches fineless is as poor as winter
To him that ever fears he shall be poor.”
—William Shakespeare (1564–1616)