Corporate Socialism

In the wake of the recent financial crisis, how does one justify corporate socialism?

How do you define corporate socialism ?

The privatisation of profit and the socialisation of the consequences of risks and misconducts undertaken by corporate bodies. Examples would include a bailout for a failing corporation from the government, a local council having to clean up the pollution created by a corporation.... Giving corporations the freedom to take very large risks knowing that the taxpayer will foot the bill should anything go wrong.
Under capitalism business should float or swim... why are some of the larger companies too big to fail? Don't these bailouts encourage reckless behaviour?

Originally posted by mrstabby
The privatisation of profit and the socialisation of the consequences of risks and misconducts undertaken by corporate bodies. Examples would include a bailout for a failing corporation from the government, a local council having to clean up the pollution created by a corporation.... Giving corporations the freedom to take very large risks knowing that th ...[text shortened]... me of the larger companies too big to fail? Don't these bailouts encourage reckless behaviour?

If that's what you mean, then I kind even see how one could justify it even before the crisis.