Sorry, but it IS an accurate term.
The term is Corporate Socialism, and the concept is that while the profits are indeed tagged for private retention, the FAILINGS of the system are indeed "socialized" -- that is WE CONSUMERS pay for the failures.
If you truly fail to understand this simple feature of today's Capitalism, I point you to the fact that the government recently bailed out the Banks -- rather than let them simply fail, as the "Free Market" myth says they ought to when they screw up.