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by 1cvmask
1875 days ago
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Someone should write an updated book on Socialism for the rich, Corporate Socialism, regulatory capture, funding of politicians to get government benefits, the political funding cycle and revolving door, politicians cashing in after leaving office, and the DC gravy train of the military industrial complex. It is sending taxpayers money to the rich through multiple mechanisms like tax subsidies for mortgages, bank bail outs, government guarantees of different financial instruments (Fannie Mae, Freddie Mac etc..) etc.... A classic: https://en.wikipedia.org/wiki/The_Calculus_of_Consent — https://en.wikipedia.org/wiki/Public_choice |
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This article is from the Cato Institute, who have had a major focus on corporate welfare for many years. Here are 309 results from them on that topic:
https://www.cato.org/corporate-welfare
Here's their review of a six year old book about it:
https://www.cato.org/blog/corporate-welfare-james-t-bennett
Spoiler: They don't think it's a good idea.