Tag Archives: Corporate Welfare

I saw this bit of news on Steven Colbert’s show last night. Seems Nevada’s Democratic Governor thinks tech companies need to be their own town. The thinking is that this is a way to attract business development without spending money. What could go wrong? From the AP news: “Democratic Gov. Steve Sisolak announced a plan to launch so-called Innovation Zones in Nevada to jumpstart the state’s economy by attracting technology firms, Las Vegas...

In case you did not see this, it is my Senator’s opening comments at the Gorsuch hearings.  He sums up just what a 5/4 split court has been doing.[embedded content] This is his discussion on Cspan about his book: Captured: The Corporate Infiltration of American Democracy

In one respect, it’s true there’s an awful lot of hypocrisy about welfare from big business, since wasteful corporate welfare is pervasive in our societies. On the other hand, some aspects of business welfare are actually sensible and justifiable, even in a social democratic nation. E.g., agricultural protectionism.It is well known that you simply cannot have a productive, stable agricultural sector in a true free market, because wild and violent swings in the prices of commodities destroy...