Editing Corporate welfare (section)

=== "Socialism for the rich, capitalism for the poor" ===
{{main|Socialism for the rich and capitalism for the poor}}
Believed to have been first popularised by [[Michael Harrington]]'s 1962 book ''[[The Other America]]''<ref>Harrington 1962, p.170, quote: "socialism for the rich and private enterprise for the poor"</ref><ref>{{cite journal |last1=Engvall |first1=Robert P. |title=The connections between poverty discourse and educational reform: When did 'Reform' become synonymous with inattention? |journal=The Urban Review |date=June 1996 |volume=28 |issue=2 |pages=141–163 |doi=10.1007/BF02354382 |s2cid=143156198 }}</ref> in which Harrington cited [[Charles Abrams]],<ref>[[Michael Harrington]] (1962) [[The Other America]], p.58, quote: ''This is yet another case of "socialism for the rich and free enterprise for the poor," as described by Charles Abrams in the housing field''</ref> a noted authority on [[House|housing]].

Variations on this adage have been used in criticisms of the [[United States]]' economic policy by [[Joe Biden]],<ref>{{cite news |url=https://www.huffingtonpost.com/2009/11/18/biden-on-the-bailout-soci_n_361900.html |title=Biden On The Bailout: 'Socialism For The Rich And Capitalism For The Poor' |last=Stein |first=Sam |date=March 18, 2010 |newspaper=The Huffington Post |access-date=April 13, 2018 |quote=Pointing to the hundreds of billions of government dollars that have been spent to keep banks from failing, he recalled a "great expression" of his grandfather, Ambrose Finnegan: "It's socialism for the rich and capitalism for the poor,"" Biden said.}}</ref> [[Martin Luther King Jr.]],<ref>{{Cite news | url=https://www.nytimes.com/1993/01/18/opinion/king-s-light-malcolm-s-shadow.html |title = Opinion &#124; King's Light, Malcolm's Shadow|newspaper = The New York Times|date = January 18, 1993|last1 = Dyson|first1 = Michael Eric}}</ref><ref>{{cite book |isbn=9780812239690 |url=https://books.google.com/books?id=B8k6btUYR68C&pg=PA332 |page=332 |title = From Civil Rights to Human Rights: Martin Luther King, Jr., and the Struggle for Economic Justice |last1=Jackson |first1=Thomas F. |year = 2007 | publisher=University of Pennsylvania Press |via=[[Google Books]]}}</ref> [[Gore Vidal]],<ref>{{cite book |first=Gore |last=Vidal |url=https://archive.org/details/reflectionsupons0000vida_e6t0 |url-access=registration |title=Reflections Upon a Sinking Ship |publisher=Little, Brown |year=1969 |isbn=9780434829576 }}</ref><ref>Gore Vidal: [http://www.countercurrents.org/us-vidal010904.htm Imperial America], September 1, 2004</ref><ref>{{cite web|url= http://www.irishtimes.com/newspaper/opinion/2008/0920/1221835126413.html?via=mr|title= 'Free enterprise for the poor, socialism for the rich': Vidal's claim gains leverage|website= irishtimes.com|date= September 20, 2008|access-date= March 10, 2014|archive-date= October 19, 2012|archive-url= https://web.archive.org/web/20121019020824/http://www.irishtimes.com/newspaper/opinion/2008/0920/1221835126413.html?via=mr|url-status= dead}}</ref> [[Joseph P. Kennedy II]],<ref>[http://www.metrowestdailynews.com/columnists/8998982778762559487 Kennedy: U.S. oil companies profit; Citgo helps the poor] {{webarchive|url=https://web.archive.org/web/20090227010823/http://www.metrowestdailynews.com/columnists/8998982778762559487 |date=February 27, 2009 }}, MetroWest Daily News, January 24, 2007</ref> [[Robert F. Kennedy, Jr.]],<ref>Mark Jacobson: [http://nymag.com/news/politics/27340 American Jeremiad], ''[[New York Magazine]]'', February 5, 2007, see [http://nymag.com/news/politics/27340/index3.html page 4]</ref> [[Dean Baker]],<ref>{{cite book
|last=Baker
|first=Dean
|title=The Conservative Nanny State: How the Wealthy Use the Government to Stay Rich and Get Richer
|url=https://archive.org/details/conservativenann00dean
|year=2006
|publisher=Center for Economic and Policy Research
|location=Washington, D.C.
|isbn=978-1-4116-9395-1
|url-access=registration
}} Reviewed in: Scott Piatkowski: [http://www.rabble.ca/columnists_full.shtml?x=50160 Socialism for the rich] {{Webarchive|url=https://web.archive.org/web/20080204014253/http://www.rabble.ca/columnists_full.shtml?x=50160 |date=February 4, 2008 }}, [[rabble.ca]], May 25, 2006</ref> [[Noam Chomsky]],<ref>Noam Chomsky, "The Passion for Free Markets", ''[[Z Magazine]]'', May 1997. [http://www.chomsky.info/articles/199705--.htm Reproduced on Chomsky's official site] {{Webarchive|url=https://web.archive.org/web/20150923203012/http://www.chomsky.info/articles/199705--.htm |date=September 23, 2015 }}.</ref> [[Robert Reich]],<ref>Interview with Jon Stewart, ''The Daily Show'', October 16, 2008:  [https://web.archive.org/web/20151229030625/http://www.cc.com/video-clips/ms1agv/the-daily-show-with-jon-stewart-robert-reich Available at ''The Daily Show'' Site]
</ref> [[John Pilger]],<ref>Full transcript of the John Pilger speech at the [[Sydney Opera House]] to mark his award of Australia's human rights prize, the Sydney Peace Prize: {{cite web |url=http://www.johnpilger.com/page.asp?partid=555 |title=ITV - John Pilger - Breaking the great Australian silence |access-date=March 10, 2014 |url-status=dead |archive-url=https://web.archive.org/web/20101014234517/http://www.johnpilger.com/page.asp?partid=555 |archive-date=October 14, 2010 }}</ref> [[Bernie Sanders]],<ref>{{Cite web|title=Sen. Sanders Held a Tax Cut Filibuster {{!}} C-SPAN |url=http://www.c-span.org/Events/Sen-Sanders-Held-a-Tax-Cut-Filibuster/20338/ |date=January 18, 2014 |access-date=December 12, 2015 |url-status=dead |archive-url=https://web.archive.org/web/20140118010340/http://www.c-span.org/Events/Sen-Sanders-Held-a-Tax-Cut-Filibuster/20338/ |archive-date=January 18, 2014 }}</ref> and [[Yanis Varoufakis]].<ref>{{cite web |url=https://fortune.com/2022/08/02/yanis-varoufakis-inflation-economy-socialism-for-corporations-austerity-for-consumers/|title=This hipster economics professor turned rebel Greek finance minister says corporations are experiencing 'lavish socialism' while workers face 'harsh austerity.' Inflation is just the latest twist in the saga|last=Daniel |first=Will |date=August 2, 2022 |website=[[Fortune (magazine)|Fortune]]|publisher= |access-date=August 5, 2022 |quote=Governments were cutting public expenditure, jobs, and services. It was nothing short of lavish socialism for capital and harsh austerity for labor. Wages shrunk, and prices and profits were stagnant, but the price of assets purchased by the rich (and thus their wealth) skyrocketed. Thus…capitalists became both richer and more reliant on central-bank money than ever.}}</ref>