The privatization of profits and the socialization of losses are the signs of a ... | Hacker News

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trickstra on Jan 9, 2020 | parent | context | favorite | on: The MTA is going after an Etsy artist over a New Y...

The privatization of profits and the socialization of losses are the signs of a corrupt system.

"Let's make money on something that was created with public money"

"Let's rescue this private business with the public money"

icebraining on Jan 9, 2020 [–]

What's the privatization part here? They money would still go to a public organization - the MTA.

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