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Corporate welfare is a term describing a government's bestowal of money grants, tax breaks, or other special favorable treatment on businesses.
Subsidies considered excessive, unwarranted, wasteful, unfair, inefficient, or bought by lobbying are often called corporate welfare.
The label of corporate welfare is often used to decry projects advertised as benefiting the general welfare that spend a disproportionate amount of funds on large corporations, and often in uncompetitive, or anti-competitive ways.
For instance, in the United States, agricultural subsidies are usually portrayed as helping honest, hardworking independent farmers stay afloat. However, the majority of income gained from commodity support programs actually goes to large agribusiness corporations such as Archer Daniels Midland, as they own a considerably larger percentage of production.
Some economists consider the recent bank bailouts in the United States to be corporate welfare.
U.S. politicians have contended that zero-interest loans from the Federal Reserve to financial institutions during the global financial crisis were a hidden, backdoor form of corporate welfare.
http://en.wikipedia.org/wiki/Corporate_welfare
Subsidies considered excessive, unwarranted, wasteful, unfair, inefficient, or bought by lobbying are often called corporate welfare.
The label of corporate welfare is often used to decry projects advertised as benefiting the general welfare that spend a disproportionate amount of funds on large corporations, and often in uncompetitive, or anti-competitive ways.
For instance, in the United States, agricultural subsidies are usually portrayed as helping honest, hardworking independent farmers stay afloat. However, the majority of income gained from commodity support programs actually goes to large agribusiness corporations such as Archer Daniels Midland, as they own a considerably larger percentage of production.
Some economists consider the recent bank bailouts in the United States to be corporate welfare.
U.S. politicians have contended that zero-interest loans from the Federal Reserve to financial institutions during the global financial crisis were a hidden, backdoor form of corporate welfare.
http://en.wikipedia.org/wiki/Corporate_welfare
