Corporate welfare is a sociological concept that analogizes corporate subsidies to welfare payments for the poor. The term is often used derogatorily to describe a government's bestowal of money grants, tax breaks, or other special favorable treatment on corporations or selected corporations, and implies that corporations are much less needy of such treatment than the poor. In practice, the term is often used virtually interchangeably with crony capitalism. To the extent that there is a distinction, the latter term could be considered broader, including all types of governmental decisions that favor the "cronies" (big businesses and industry groups providing substantial campaign contributions), while corporate welfare might be restricted only to direct government subsidies.
Other articles related to "corporate welfare":
... Murray has been a vocal opponent of Governor John Kasich's plan to privatize the Ohio Department of Development, stating the mix of public and private dollars could lead to pay-to-play politics and lack of transparency ... Along with Michael J ...
... In 2002, Bernie Sanders scrutinized corporate welfare policies in the United States, which he considered to total US$125 billion annually ...
Famous quotes containing the words welfare and/or corporate:
“You cant talk about a kind of democracy unless those who are affected by decisions make those decisions whether the institutions in question be the welfare department, the university, the factory, the farm, the neighborhood, the country.”
—Casey Hayden (b. c. 1940)
“The corporate grip on opinion in the United States is one of the wonders of the Western World. No First World country has ever managed to eliminate so entirely from its media all objectivitymuch less dissent.”
—Gore Vidal (b. 1925)