Get Corporate Welfare: Crony Capitalism That Enriches the Rich PDF

By James T. Bennett

ISBN-10: 1412855985

ISBN-13: 9781412855983

From the time of Alexander Hamilton's "Report on Manufactures" during the nice melancholy, American cities and towns sought to entice footloose businesses through supplying lavish advantages. those ranged from taxpayer-financed factories, to tax exemptions, to outright presents of cash. this sort of executive reduction, referred to as "corporate welfare," continues to be round at the present time. After constructing its historic foundations, James T. Bennett unearths 4 sleek manifestations.His first case is the epochal debate over executive subsidy of a supersonic delivery plane. the second one case has its origins in Southern manufacturing unit relocation courses of the 1930s?the perform of nation and native governments granting businesses taxpayer financed incentives. The 3rd is the taking of personal estate for the enrichment of industrial pursuits. The fourth?export subsidies?has its genesis within the New Deal yet matured with the expansion of the Export-Import financial institution, which subsidizes overseas company exchanges of America's biggest company entities.Bennett examines the clients for a profitable anti-corporate welfare coalition of libertarians, unfastened marketplace conservatives, vegetables, and populists. the opportunity of a coalition is available, he argues. even if a canny baby-kisser can gather and preserve it lengthy sufficient to mount a taxpayer counterattack upon company welfare is an exciting question.

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Corporate Welfare: Crony Capitalism That Enriches the Rich by James T. Bennett

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