Wednesday, January 13, 2010

Privatizing Profits and Socializing Losses

I heard this phrase on the radio or somewhere and it really made me think. Privatizing profits and socializing losses was used to refer to the banking situation in the United States but I think it is a good slogan for the types of regulations employed. When something is lucrative it stays private but if there is risk of loss we share. It made me wonder about environmental regulations and how it might apply. Any ideas?

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