Production is socialised, profit is privatised
*Came across this idea from Breht O'Shea: Revolutionary Left Radio: Challenging Capitalism: Envisioning a Socialist Wor…
He said that the idea is from Engels' Socialism: Utopian and Scientific.
Same idea here from Mariana Mazzucato:
What this means is that we have socialized the risk of innovation but privatised the rewards.
1 Elsewhere
1.1 In my garden
Notes that link to this note (AKA backlinks).