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Author: K. Farnsworth
Publisher: Springer
ISBN: 0230361536
Category : Political Science
Languages : en
Pages : 235
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Book Description
The greatest myth of modern times is the suggestion that capitalism and corporations do better with less government. The global economic crisis has certainly put paid to this idea. But the massive emergency state bailouts and interventions put in place from 2008 were unique only in their size and scale. Government programmes, designed to meet the needs of business, are not just everyday, they are everywhere and they are essential. Just as social welfare protects citizens from the cradle to the grave, corporate welfare protects and benefits corporations throughout their life course. And yet, in most countries, corporate welfare is hidden and underresearched. Drawing on comparative data from OECD states, this book seeks to shed light on the size, uses and importance of corporate welfareacross variouswelfare regimes.
Author: K. Farnsworth
Publisher: Springer
ISBN: 0230361536
Category : Political Science
Languages : en
Pages : 235
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Book Description
The greatest myth of modern times is the suggestion that capitalism and corporations do better with less government. The global economic crisis has certainly put paid to this idea. But the massive emergency state bailouts and interventions put in place from 2008 were unique only in their size and scale. Government programmes, designed to meet the needs of business, are not just everyday, they are everywhere and they are essential. Just as social welfare protects citizens from the cradle to the grave, corporate welfare protects and benefits corporations throughout their life course. And yet, in most countries, corporate welfare is hidden and underresearched. Drawing on comparative data from OECD states, this book seeks to shed light on the size, uses and importance of corporate welfareacross variouswelfare regimes.
Author: James T. Bennett
Publisher: Routledge
ISBN: 1351525735
Category : Business & Economics
Languages : en
Pages : 239
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Book Description
From the time of Alexander Hamilton's "Report on Manufactures" through the Great Depression, American towns and cities sought to lure footloose companies by offering lavish benefits. These ranged from taxpayer-financed factories, to tax exemptions, to outright gifts of money. This kind of government aid, known as "corporate welfare," is still around today. After establishing its historical foundations, James T. Bennett reveals four modern manifestations.His first case is the epochal debate over government subsidy of a supersonic transport aircraft. The second case has its origins in Southern factory relocation programs of the 1930s the practice of state and local governments granting companies taxpayer financed incentives. The third is the taking of private property for the enrichment of business interests. The fourth export subsidies has its genesis in the New Deal but matured with the growth of the Export-Import Bank, which subsidizes international business exchanges of America's largest corporate entities.Bennett examines the prospects for a successful anti-corporate welfare coalition of libertarians, free market conservatives, Greens, and populists. The potential for a coalition is out there, he argues. Whether a canny politician can assemble and maintain it long enough to mount a taxpayer counterattack upon corporate welfare is an intriguing question.
Author: Ralph Nader
Publisher: Seven Stories Press
ISBN: 1609802012
Category : Business & Economics
Languages : en
Pages : 148
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Book Description
In this groundbreaking pamphlet, based on testimony he delivered before Congress, Ralph Nader describes how corporations are picking our pockets, and what we can do to stop them. While the United States continues to experience unprecedented cuts in social service programs and millions of Americans go without health insurance, massive corporations continue to reap huge sums of taxpayer money through "corporate welfare"—corporate subsidies, bailouts, giveaways, and tax escapes. Cutting Corporate Welfare details numerous appalling examples of corporate welfare, including: the giveaway of the public airwaves, which by definition belong to the people, to private radio and television stations (including the latest $70 billion gift of the digital spectrum); taxpayer subsidies for giant defense corporation mergers and commercial weapons exports to governments overseas; and the practice of making patients pay twice for drugs—first, as taxpayers subsidize the drugs’ development, and again, as patients, after the federal government gives monopolistic control over the chemical’s manufacture to a price-gouging drug company. Cutting Corporate Welfare sounds a wake-up call for those concerned about how we are being pick-pocketed by big business, and what we can do to stop it.
Author: Assaf Razin
Publisher: MIT Press
ISBN: 9780262264365
Category : Business & Economics
Languages : en
Pages : 152
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Book Description
An analysis of the welfare state from a political economy perspective that examines the effects of aging populations, migration, and globalization on industrialized economies. In The Decline of the Welfare State, Assaf Razin and Efraim Sadka use a political economy framework to analyze the effects of aging populations, migration, and globalization on the deteriorating system of financing welfare state benefits as we know them. Their timely analysis, supported by a unified theoretical framework and empirical findings, demonstrates how the combined forces of demographic change and globalization will make it impossible for the welfare state to maintain itself on its present scale. In much of the developed world, the proportion of the population aged 60 and over is expected to rise dramatically over the coming years—from 35 percent in 2000 to a projected 66 percent in 2050 in the European Union and from 27 percent to 47 percent in the United States—which may necessitate higher tax burdens and greater public debt to maintain national pension systems at current levels. Low-skill migration produces additional strains on welfare-state financing because such migrants typically receive benefits that exceed what they pay in taxes. Higher capital taxation, which could potentially be used to finance welfare benefits, is made unlikely by international tax competition brought about by globalization of the capital market. Applying a political economy model and drawing on empirical data from the EU and the United States, the authors draw an unconventional and provocative conclusion from these developments. They argue that the political pressure from both aging and migrant populations indirectly generates political processes that favor trimming rather than expanding the welfare state. The combined pressures of aging, migration, and globalization will shift the balance of political power and generate public support from the majority of the voting population for cutting back traditional welfare state benefits.
Author: James Angresano
Publisher: Economics as Social Theory
ISBN: 9780415858373
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
Although political rhetoric and public perception continue to assume that the United States is the very definition of a free market economy, a different system entirely has in actuality come to prominence over the past half century. James Angresano examines the characteristics of this Corporate Welfare Economy, both from the theoretical point of view but also with key reference to the different sectors of the economy - trade, manufacturing, industry and defense among them.
Author: Nikki Mandell
Publisher: Univ of North Carolina Press
ISBN: 9780807853511
Category : Business & Economics
Languages : en
Pages : 228
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Book Description
Mandell examines the growth of corporate welfare programs around the turn of the 20th century. She argues that businessmen hoped such programs would transform conflict-ridden relations between management and labor into a harmonious partnership modeled after the Victorian family.
Author: Anthony Barnes Atkinson
Publisher: MIT Press
ISBN: 9780262011716
Category : Business & Economics
Languages : en
Pages : 244
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Book Description
On the economics of the welfare State
Author: Thomas Kostigen
Publisher: Scribe Publications
ISBN: 1921942576
Category : Political Science
Languages : en
Pages : 305
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Book Description
Just reading the word ‘subsidies’ may cause many people’s eyes to glaze over. We don’t think it affects us directly, so we tune out. But it turns out that this complicated-sounding issue has an enormous impact on all of us. The Big Handout is about bad fiscal, environmental, agricultural, water, energy, health, and foreign policies. And it’s a story about just one thing — subsidies. A subsidy is a grant by the government to a private business that is deemed advantageous to the public. Cotton, wheat, corn, soy, and oil are the most subsidised commodities in the United States. In this eye-opening book, New York Times–bestselling author Thomas Kostigen explores government policies that cost US taxpayers $200 billion per year, or over $1,500 per household. In some cases, they pay more for subsidised goods than they’d pay in a free market — and, in the most shocking abuses of the subsidy system, they pay for goods that aren’t even produced. The Big Handout exposes how artificial pricing hurts US citizens and people worldwide, from our waistlines and pocketbooks to our health. By revealing just how toxic America’s subsidy system has become for everyone — including the way it distorts the prices of goods produced by genuinely free-trade countries such as Australia — The Big Handout is a wake-up call for farmers, consumers, and politicians.
Author: Jennifer Klein
Publisher: Princeton University Press
ISBN: 1400835666
Category : History
Languages : en
Pages : 370
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Book Description
The New Deal placed security at the center of American political and economic life by establishing an explicit partnership between the state, economy, and citizens. In America, unlike anywhere else in the world, most people depend overwhelmingly on private health insurance and employee benefits. The astounding rise of this phenomenon from before World War II, however, has been largely overlooked. In this powerful history of the American reliance on employment-based benefits, Jennifer Klein examines the interwoven politics of social provision and labor relations from the 1910s to the 1960s. Through a narrative that connects the commercial life insurance industry, the politics of Social Security, organized labor's quest for economic security, and the evolution of modern health insurance, she shows how the firm-centered welfare system emerged. Moreover, the imperatives of industrial relations, Klein argues, shaped public and private social security. Looking closely at unions and communities, Klein uncovers the wide range of alternative, community-based health plans that had begun to germinate in the 1930s and 1940s but that eventually succumbed to commercial health insurance and pensions. She also illuminates the contests to define "security"--job security, health security, and old age security--following World War II. For All These Rights traces the fate of the New Deal emphasis on social entitlement as the private sector competed with and emulated Roosevelt's Social Security program. Through the story of struggles over health security and old age security, social rights and the welfare state, it traces the fate of New Deal liberalism--as a set of ideas about the state, security, and labor rights--in the 1950s, the 1960s, and beyond.
Author: Ms Jeanette Brejning
Publisher: Ashgate Publishing, Ltd.
ISBN: 1409495019
Category : Business & Economics
Languages : en
Pages : 208
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Book Description
Over the past four decades many European welfare states have seen an increasing involvement of the commercial sector in their mixed economies of welfare. One aspect of this development that has yet to be fully understood in social policy analysis is the engagement of businesses to address social problems, such as social exclusion, through activities labelled as 'corporate social responsibility' ('CSR'). Although CSR has gained increasing currency on both national and international policy agendas since the 1990s, it remains a topic which is predominantly researched in business schools and from a business perspective. This book aims to redress this imbalance by focusing on the social aspect of CSR. Based on interviews with a wide spectrum of people who work with CSR professionally in England, Denmark and in the EU Commission, the book argues that when CSR is linked to social exclusion it is a way of renegotiating responsibilities in mixed economies of welfare. The book also offers a comprehensive historical understanding of CSR as it traces the emergence and development of CSR in West European welfare economies as diverse as England, Denmark, Sweden, Norway, Germany and France. By situating CSR within the conceptual framework of the mixed economy of welfare and using Historical Institutionalism as a theoretical perspective to explore and explain the relationship between the welfare state and CSR, this book makes an innovative contribution to critical debates in comparative social policy.
