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.

• Five minutes with Mariana Mazzucato: "We have socialised the risk of innovati…