The US Economy In A Nutshell: Privatize The Gains, Socialize The Costs

The US Economy In A Nutshell: Privatize The Gains, Socialize The Costs Authored by Charles Hugh Smith via OfTwoMinds blog, Correspondent Simons Chase insightfully summarized this dynamic: Privatize the Gains, Socialize the Costs. In my post Five Dynamics That Make Sense of an Increasingly Chaotic World, #3 is the distribution of risk, costs and consequences to a diffused populace while concentrating the gains into the pockets of insiders/owners: Those seeking to reduce their pri...

By Tyler Durden