Corporate welfare : crony capitalism that enriches the rich / James T. Bennett ; foreword by Ralph Nader
- Bennett, James T.
- New Brunswick, New Jersey : Transaction Publishers, 
- Physical Description:
- xi, 226 pages ; 24 cm
- Introduction and overview -- Alexander Hamilton, canals, and railroads -- Corporate welfare takes flight: how the SST was launched (and shot down) -- The great giveaway : economic development, "incentives, " and the corporate welfare wars -- Corporate welfare as theft : how Detroit and General Motors stole poletown -- A reverse robin hood : the derring-do (on behalf of transnational corporations) of the Export-Import Bank -- Conclusion : will it ever end? or is there a future for an anti-corporate -- Welfare.
- From the time of Alexander Hamilton's "Report on Manufactures" through the Great Depression, American towns and cities sought to lure footloose companies by offering lavish benefits. These ranged from taxpayer-financed factories, to tax exemptions, to outright gifts of money. This kind of government aid, known as "corporate welfare, " is still around today. After establishing its historical foundations, James T. Bennett reveals four modern manifestations. His first case is the epochal debate over government subsidy of a supersonic transport aircraft. The second case has its origins in Southern factory relocation programs of the 1930s - the practice of state and local governments granting companies taxpayer financed incentives. The third is the taking of private property for the enrichment of business interests. The fourth - export subsidies - has its genesis in the New Deal but matured with the growth of the Export-Import Bank, which subsidizes international business exchanges of America's largest corporate entities. Bennett examines the prospects for a successful anti-corporate welfare coalition of libertarians, free market conservatives, Greens, and populists. The potential for a coalition is out there, he argues. Whether a canny politician can assemble and maintain it long enough to mount a taxpayer counterattack upon corporate welfare is an intriguing question. -- from dust jacket.
- 9781412855983 (alk. paper)
1412855985 (alk. paper)
- Bibliography Note:
- Includes bibliographical references and index.
- Source of Acquisition:
- Purchased with funds from the Paterno Libraries Endowment; 2015.
Purchased with funds from the Paterno Libraries Endowment (Campus College Libraries); 2015
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