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A comment on We have socialised the risk of innovation but privatised the rewards.

Re:We have socialised the risk of innovation but privatised ... by dools on Monday March 09, 2015 @03:31AM (#9169701)
Socialised risk and privatised reward is how government should work. Universal health care is a good example: I am the most obvious benefactor of my own good health, but society also benefits from having healthy citizens.

Revenue generation is only the goal of government so that it can support its citizens.

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Re:We have socialised the risk of innovation but privatised ... by EliRivers on Tuesday March 10, 2015 @12:47PM (#9178747)
Socialised risk and privatised reward is how government should work.

Banks take (less than they used to, since some legislation was brought back) insane risks because they know Joe public will cover disastrous losses when it goes wrong, and the bankers can keep the massive profits when they get lucky. Socialised risk, private profit.

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