Who else could sell Jim Anderton-esque corporate welfare
and Soviet-style economic development as business-friendly in a cool shade of blue?
Philosopher George Santayana warned decades ago that those who cannot remember the past are condemned to repeat it, and that certainly rings true with that scourge of free enterprise called corporate welfare
or crony capitalism--cozy relationships between government and business designed to thwart competition and ease the way toward success for a favored few.
And so Bennett begins the sordid tale of American corporate welfare
and crony capitalism.
for fatcats milking the system is a larger scandal than any street of benefit fiddlers.
Bennett devotes a chapter to Poletown and eminent domain in his book that traces the history of corporate welfare
from Alexander Hamilton at the country's founding to recent debate on funding the Export-Import Bank.
does not aim to serve as an overview of corporate welfare
; instead, it provides an in-depth study of four specific modern manifestations of corporate welfare
Koch said, 'The big banks have been among the biggest proponents of corporate welfare
org/multimedia/daily-podcast/plea-end-corporate-welfare Crony capitalism, corporate welfare
In the last 35 years, states, counties, and cities have enacted 240 "megadeals"--amounting to at least $75 million apiece--that dole out corporate welfare
in hopes of spurring "economic development.
occurs when employers work the system with their remorseless claims to have created jobs, when in fact they are just transferring a growing chunk of their wages bill onto the state, who in turn have to raise taxes from the middle classes and small businesses.
describes public policies that directly or indirectly meet the specific needs and/or preferences of private businesses.
is built into the federal tax code.