Corporate Welfare: Crony Capitalism That Enriches the Rich by James T. Bennett 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 via delivering lavish merits. those ranged from taxpayer-financed factories, to tax exemptions, to outright presents of cash. this type of executive reduction, referred to as "corporate welfare," remains to be round at the present time. After developing its historic foundations, James T. Bennett finds 4 smooth 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 non-public estate for the enrichment of commercial 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 foreign company exchanges of America's biggest company entities.Bennett examines the customers for a winning anti-corporate welfare coalition of libertarians, loose marketplace conservatives, vegetables, and populists. the possibility of a coalition is available, he argues. no matter if a canny flesh presser can gather and continue 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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