Lost profits privatize while losses nationalize in statist capitalism.

Evidence

These elements are emphasised, as being the most organic and essential. But there are also other elements which are leading towards State intervention, or provide a theoretical justification for it—increasing protectionism and autarkic tendencies, investment premiums, dumping, salvaging of large enterprises which are in the process, or in danger of going bankrupt; in other words, as the phase goes, the “nationalisation of losses and industrial deficits” (etc.). — Antonio Gramsci, Selections from the Prison Notebooks, 1153

Categorization

• QUESTION: Does Gramsci mean the ‘nationalisation of losses’ slogan ironically — as a description of capitalist-state collusion rather than genuine socialism? Worth chasing in the surrounding notebook context.
• SEED: The ‘nationalisation of losses and industrial deficits’ phrase is a ready-made contemporary lens for bank bailouts and corporate subsidies dressed as public policy.
• XREF: connects to: Grossmann claimed capitalist overaccumulation forces profit-rate decline and terminal crisis — Martin Jay, The Dialectical Imagination: A History…, 131; Crises are met by primitive accumulation that privatizes public assets — Max Haiven, Cultures of Financialization, 106; Nationalization was inverted to socialize losses while privatizing remaining gains — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 947 (+3 more)