Capitalism, What a Concept!
If you read the story below you will discover that large corporations are receiving enormous sums of money from state and local governments. Apparently, free market neo-liberalism is good for the common folk like us but we must not speak the dire word, competition, when it comes to large corporations. After all, why should a multi-national organization with billions of dollars in resources do the hard thing like compete in a free market when they can milk state and local governments?
So, it is neo-liberalism for us and corporate welfare for them. Can you say, “Hypocrisy?”
What does neo-liberalism for us mean? It means depressed wages, direct competition with workers in undeveloped nations, continued decline in what we can expect in terms of education and any other government benefit, and that we will be forced into ever more dire circumstances of economic insecurity.
What does neo-liberalism mean for multi-national corporations? In terms of the company itself, nothing. They don’t do neo-liberalism. They do it to others. In terms of the environment of the company, it means they pay less in wages, less in taxes and can exert ever increasing control over their workers while maintaining a loyal and servile class of would-be courtiers who bow and scrape before them while uttering the sacred phrase, “Job Creators.”
Yes, job creators. You can ship American jobs overseas by the millions, play havoc with the American dream of owning a home, almost destroy the world’s economic system and you win the title of “job creator.”
We live in a strange country where people can believe in this kind of nonsense.
The shocking numbers behind corporate welfare | Al Jazeera America
State and local governments have awarded at least $110 billion in taxpayer subsidies to business, with 3 of every 4 dollars going to fewer than 1,000 big corporations, the most thorough analysis to date of corporate welfare revealed today.
From around the web.
From the web site, Badger Democracy
In 2011, an $8 million tax break for a new Washington DC Whole Foods development raised questions of return on public investment and why public money was even needed: