Corporate Welfare and the Crony Capitalism That Enriches the Rich

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We have a copy of this book and will be doing a review of it soon. In the meantime, if you’re headed to the beach or lake this summer this might be a good one to take along.*

(From The Corporate Crime Reporter)

“Crony capitalism and corporate welfare involve political actors — politicians,” Bennett says. “What is the lifeblood of politics? It’s all about one thing — money. I tell my students, if you don’t believe this, try this exercise. Suppose that you call the White House and ask to speak to the President. Suppose at the same time Bill Gates calls the White House and asks to speak to the President. Which call is more likely to be forwarded on to the Oval Office?”
“We are talking about corporations and individuals using the power of government in order to enrich themselves at the expense of the general taxpayer.”

“Who has the money? This is why we have corporate welfare. Government throughout history has worked primarily for the benefit of the wealthy and the well connected. That is what government is about.”

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*We have no affiliation with the author.