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Originally Posted by Cali Panthers Fan
When it extends beyond basic services and city maintenance, then yeah, I think it's socialism.
This is socialism. Call it corporate socialism if you want, but it's still the same idea.
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Yes, "corporate socialism"/corporate welfare, a concept described as:
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Variations of the concept, include privatize profits/gains and socialize risks/losses/debts; and markets, free enterprise, private enterprise and capitalism for the poor while state protection and socialism for the rich.
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or
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Corporate socialism is an economic system where a special relationship between the government and business creates profits and benefits for corporations while transferring risk and loss to the general public. In short, it's a system where big corporations keep their profits, but the entire country suffers losses.
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Which no honest person would categorize as "the same idea" as socialism, a philosophy almost entirely its opposite, nor would they say "this is socialism."
I guess "I am a serious person" didn't last long, hey?