Market failure
Concept in public goods economics
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| 2023 |
Socialism for the rich and capitalism for the poor
Robert F. Kennedy Jr. used the phrase on Tucker Carlson Tonight, describing the contemporary U.S. economic system as having 'a cushy socialism for the rich and brutal, merciless capitalism for the poor'.
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| 2022 |
Socialism for the rich and capitalism for the poor
Economist Yanis Varoufakis critiqued government and central bank responses to financial crises, describing them as 'lavish socialism for capital and harsh austerity for labor'.
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| December 10 2010 |
Socialism for the rich and capitalism for the poor
Senator Bernie Sanders referenced the phrase during a Senate floor speech against the continuation of Bush-era tax cuts.
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