Corporate welfare is a sociological concept that analogizes corporate subsidies to welfare payments for the poor. The term is often used derogatorily to describe a government's bestowal of money grants, tax breaks, or other special favorable treatment on corporations or selected corporations, and implies that corporations are much less needy of such treatment than the poor. In practice, the term is often used virtually interchangeably with crony capitalism. To the extent that there is a distinction, the latter term could be considered broader, including all types of governmental decisions that favor the "cronies" (big businesses and industry groups providing substantial campaign contributions), while corporate welfare might be restricted only to direct government subsidies.
Read more about Corporate Welfare: History
Famous quotes containing the words corporate and/or welfare:
“The generation of women before us who rushed to fill the corporate ranks altered our expectations of what working motherhood could be, tempered our ambition, and exploded the supermom myth many of us held dear.”
—Melinda M. Marshall (20th century)
“I have an intense personal interest in making the use of American capital in the development of China an instrument for the promotion of the welfare of China, and an increase in her material prosperity without entanglements or creating embarrassment affecting the growth of her independent political power, and the preservation of her territorial integrity.”
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