Capitalism to Socialism

We all would remember the old joke about the socialism and communism. Seems all the isms are cyclically linked or what would explain the phenomenon post the global melt down. No doubt that the private enterprise created wealth, but it did so for a few who were part of the game. However when the losses started coming in, it was the government who had to come forward and do the bail out.
Now in a democratic set up, its us the people who make the government and its our (tax payers) money that is getting used to bail out the large corporations. Have no doubts its clearly capitalism of profit and socialism of losses.

I feel like clapping at the irony, the trickle down effect of wealth creation takes ages, but socialism of losses ensures that everyone is impacted.