Socialism for the rich, capitalism for the poor.
The wealthy of the world like to say that socialism is awful and they want nothing to do with it, meanwhile they ignore the vast amount of support that they themselves receive from society at large.
People like to paint that this as a heavily American way of dealing with capitalists and the wealthy, but I disagree with that assumption entirely. Throughout the entire history of capitalism, and even stretching back to feudalism, there has been an effort by ruling classes to keep their position. This can be seen in feudalism where someone could be part of the nobility or upper class and receive all the privileges of that station, such as inheriting land, but otherwise have no more wealth than a serf. In the modern day this can be seen in failed businesses where the owners and management that caused the business to fail will receive bonuses or pay raises. Or in other cases as incentives to make the business successful again, Ignoring how they are effectively rewarded for putting the business in its current position in the first place.
What about outside just work though? Even in their personal lives many upper class and capitalists are able to live a better life even at a basic level due to privileges that they have due to being a capitalist. For example, a classic trick is writing off large personal expenses as being a “business expense” even if its something the business uses maybe once a year and the owner uses it the rest of the time, or by receiving things through the business in such a way that they will pay less tax than the average person who buys it. There are many other examples of privileges that the wealthy and capitalists are able to receive based on their class, such as how many are able to become bankrupt and almost nothing changes about their life and will usually easily get back on their feet. This is in contrast with workers that don't have the same social safety net that the wealthy and capitalists do, and instead when they have something go wrong they are left to fend for themselves, which usually means they don’t get better as seen with the constantly shrinking “middle class” and expanding lower class.
Unlike in previous systems like feudalism where these benefits and privileges are very visible, in capitalism these things are hidden and a narrative of “hard work” is spread as the reason for why the wealthy are where they are. This narrative is totally at odds with all the funding, tax breaks, and benefits that both businesses and individuals receive. For example, many of the top earning companies in America pay next to nothing for taxes and many of the wealthy pay almost nothing too. This a system that at its core creates a deep divide between classes, where the wealthy have a brand of socialism for themselves and everyone in the lower classes is left in capitalism to survive on their own.
This inequality between classes is one of the key features in how capitalism functions in practice, and is replicated so much that it is an inevitable conclusion. Proponents of free market capitalism will argue that “that’s not real capitalism” because it involves a system of government that enforces all the rules and regulations and I totally disagree. Capitalism is a system that inherently is based on inequality and the creation of hierarchies and class structures, even in a perfect capitalist system with no government oversight of any kind an eventual ruling body of some kind will be set up to enforce rules and regulations to favor the upper class. In either case of an already existing ruling body or one created by the wealthy themselves, a system will be made to prop up the wealthy leaving them safe if something happens and making “socialism for the rich and capitalism for the poor.”
In conclusion, the upper class in capitalism is not simply a bunch of rugged individualists that “just so happen” to always stay wealth no matter what, they are propped up by a system that was designed to help them at the cost of everyone else. In this way the upper class has a “socialism” for themselves, with safety nets abound to ensure they don't fall down. Meanwhile the lower classes are simply left to fend for themselves, a great mass that at any moment could plunge to their doom with nothing to stop them. This is what many who look into capitalism see, a system of socialism for the rich and capitalism for the poor, but it doesn’t have to be that way.
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