2 ms·
Corporate welfare (socialism for the rich, capitalism for the poor) is widespread and based on the mythical infallibility of trickle down economics. To add to
by altacc 3y ago
Corporate welfare (socialism for the rich, capitalism for the poor) is widespread and based on the mythical infallibility of trickle down economics. To add to your list: when a company wants to build a new factory or office, often the tax payer funded local government will subside the building of that or offer long term tax breaks. True capitalism would be that the company funds it all themselves and if they can't afford it, they're not strong enough. Instead they have officials fighting over crumbs whilst the company rakes in massive profits.