On: Florida state of emergency with millions of gallons of “radioactive wastewater”

[Can_Not]

The saying is usually more like "privatize the profits, socialize the loses", which is derived from "socialism for the rich and capitalism for the poor".

The point of the phrase is that the people who are paying for the costs (tax payers) are not the ones who received any benefit or were going to benefit (profits, shareholders, CEOs, etc.).

https://en.m.wikipedia.org/wiki/Lemon_socialism

[natmaka → Can_Not]

Indeed, however the case in point is the Chernobyl disaster, and in the USSR there AFAIK were no profits/shareholders/CEOs...

My point is that such scam isn't specific to the degraded version of capitalism so common in our nations, which is in fact "crony capitalism".

[Can_Not → natmaka]

I always found the tribalistic "crony capitalism" vs "crony socialism" debate to be a convenient escape from actually discussing the removal of cronyism.

[natmaka → Can_Not]

So often true!

We patently cannot tackle cronyism thanks to any powerful institution. In fact anything powerful nurtures it.