Econ 101: The Hidden Cost of Corporate Welfare | This Week's Economy Ep. 138
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Econ 101: The Hidden Cost of Corporate Welfare | This Week's Economy Ep. 138
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It goes by many names: cronyism, corporatism, political favoritism, corporate welfare, and more. No matter what you call it, it’s the same idea — government picking winners and losers in our economy. Some companies get special treatment through subsidies, tax breaks, loopholes, government contracts, low-interest loans, or in-kind support.
In short, whenever the government promises a company a shortcut or special favor, that’s corporate welfare in action. It undermines competition, punishes smaller competitors, and costs taxpayers. It happens at every governmental level — local, state, and federal — and it’s always the public who pays the price.
In today’s episode of This Week’s Economy, we’ll unpack the real costs of corporate welfare — who truly benefits, and who gets left behind. You can catch the full episode on YouTube, Apple Podcast, or Spotify. Visit: VanceGinn.com. Subscribe: VanceGinn.Substack.com