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.
Read more about Corporate Welfare: History
Famous quotes containing the words corporate and/or welfare:
““It’s hard enough to adjust [to the lack of control] in the beginning,” says a corporate vice president and single mother. “But then you realize that everything keeps changing, so you never regain control. I was just learning to take care of the belly-button stump, when it fell off. I had just learned to make formula really efficiently, when Sarah stopped using it.””
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