"It’s not that governments have suddenly discovered a big pot of gold in the basement of the . They say that they are taking these measures to both protect and to save the economy. But it’s obvious which takes priority. The new measures constitute the largest bailout bonanza in world history, carried out through state-administered transfers of public wealth and current and future debt to billionaires and big business: socialisation of losses, privatisation of profits. The outcome will be to further transfer, consolidate and concentrate wealth, just as has occurred since the GFC. While there is discussion about small handouts, nothing serious is being proposed to halt the mass layoffs now gathering steam."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Tom Bramble, Everyone's a socialist in a crisis, 21 March 2020, Red Flag.
https://en.wikiquote.org/wiki/Corporate_welfare
Revision History
No revisions have been submitted for this quote.
Categories
Corporate welfare
7 quotes on TrueQuotesView all quotes by Corporate welfare →
Related Quotes
"One of the most prevalent ideological mantras of Western capitalism is that the market should rule. But as the latest…"
"Capitalists preach “the market” for the working class – stand on your own two feet, don’t rely on the government – bu…"
"is urging the federal government to provide wage subsidies to workers, equivalent in value to Newstart to all busines…"
"The Pentagon will get an extra $165 billion over the next two years—that’s even more than Donald Trump asked for...Th…"
"The COVID-19 pandemic is an unprecedented global health, social and economic crisis. Historical comparisons are few, …"
"The desperate policies of panic-driven governments involve throwing huge amounts of money at the economies collapsed …"
"There is no short game for a venture capitalist"
"Building products has become easier and cheaper, but building brands is harder than ever"
"The first phase of ROI is understanding if your unit metrics justify growth. Without that, there is no longer game"
"If you're building a platform like Zepto or Blinkit, you’re in the Formula One lane. You need capital at scale, netwo…"