Socialism for the rich; capitalism for the poor.
It’s an oft-repeated Leftist cliché that encapsulates an entire socio-political-economic analysis in a single sentence. It was first promulgated by Michael Harrington and frequently repeated by the likes of Noam Chomsky, Bernie Sanders, and Robert Reich. The gist of this argument is that capitalist corporations receive government largess in the form of subsidies, tax breaks, and favorable legislation while the general population is left to fend for itself. Big business regularly receives favorable treatment and corporate welfare from the government which allows corporations to “privatize profits and socialize losses.” The rest of us are shit-out-of-luck.(1) Continue reading →
October 1, 2021
Categories: "Lefty" Hooligan, "What's Left?", 1950s, 1960s, 1970s, American Empire, American socialism, anarchism, capitalism, communism, Communist Party, Congress of Industrial Organizations, fascism, Federal Government, Great Depression, Industrial Workers of the World, Labor Movement, left communism, Leninism, Maoism, Marxism, Marxism-Leninism, Politics, socialism, Stalinism, Trotskyism, ultraleftism, US military . Tags: "Lefty" Hooligan, "What's Left?", 1886 Haymarket Square riot, 1950s, 1960s, 1970s. American socialism, accident insurance, African people, Alaska Permanent Fund, American Empire, American Federation of Labor, American football, anarchism, armed self-defense, barn raising, Bernie Sanders, Bill Maher, Black, Black Panther Party, Black Power, capitalism, Cherokee, child labor laws, Civil Rights Movement, collective action, Committee for Industrial Organization, communal work, communes, communism, Communist Party, communitarian socialism, Congress of Industrial Organizations, Cooperative Movements, cooperatives, corporate capitalism, corporatism, democratic socialism, Democratic Socialists of America, Dodge Revolutionary Union Movement, eight hour day, fascism, FBI COINTELPRO, federal government, Franklin Delano Roosevelt, Free Breakfast Program, gadugi, graduated income tax, Great Depression, Great Society, Green Bay Packers, immigrants, immigration, Industrial Workers of the World, inheritance tax, Jack Schwartz, John F. Kennedy, Labor Movement, labor unions, League of Revolutionary Black Workers, left communism, Leninism, Lyndon Baines Johnson, Maoism, Marxism, Marxism-Leninism, McCarthy Red Scare, medicare, medicare-for-all, Michael Harrington, minimum wage, mutual aid societies, National Football League, native Americans, New Deal, New Left, Noam Chomsky, old-age pension, OSHA, Palmer Red Scare, Permanent University Fund, plantation working bees, Politics, privatize profits and socialize losses, Robert Reich, Roger Goodell, slaves, social democracy, social security, socialism, socialism for the rich; capitalism for the poor, Socialist Party, Socialist Workers Party, Stalinism, Teamsters, Trotskyism, ultraleftism, unemploymet insurance, US Army, US military, Wesley Clark, women's suffrage, Works Progress Administration . Author: leftyhooligan . Comments: Leave a comment
Socialism for the rich; capitalism for the poor.
What's Left? 