Social versus Corporate Welfare

Social versus Corporate Welfare PDF

Author: K. Farnsworth

Publisher: Springer

Published: 2012-03-27

Total Pages: 279

ISBN-13: 0230361536

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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.

Corporate Welfare

Corporate Welfare PDF

Author: James T. Bennett

Publisher: Routledge

Published: 2017-07-05

Total Pages: 238

ISBN-13: 1351525735

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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 1930sthe 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 fourthexport subsidieshas 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.

Corporate Welfare Policy and the Welfare State

Corporate Welfare Policy and the Welfare State PDF

Author: Davita Silfen Glasberg

Publisher: Transaction Publishers

Published: 1997

Total Pages: 172

ISBN-13: 9780202305622

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An examination of the savings and loan crisis and subsequent bailout reveals that the welfare state is a dynamic process: the bailout is an extension of a larger process of state projects for economic intervention that began with banking regulation following the Great Depression of the 1930s, and continued with the Chrysler bailout legislation in 1979 and the Garn-St. Germain Act of 1982, which deregulated the banking industry. In viewing the welfare state as a power process involving shifts in relative emphases on corporate and social welfare policies and expenditures, this book provides both central case studies and a new conceptual framework for policy debates on "welfare as we know it."

Business Interests and the Development of the Modern Welfare State

Business Interests and the Development of the Modern Welfare State PDF

Author: Dennie Oude Nijhuis

Publisher: Routledge

Published: 2019-07-05

Total Pages: 324

ISBN-13: 1351213458

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This edited volume provides a synthesis on the question of business attitudes towards and its influence over the development of the modern welfare state. It gathers leading scholars in the field to offer both in-depth historical country case studies and comparative chapters that discuss contemporary developments. Composed of six archive-based historical narratives of business’ role in the development of social insurance programs in Germany, Finland, the Netherlands, Switzerland, the United Kingdom and the United States, and six comparative case studies, this volume also extends the study of business to policy fields that have hitherto received little attention in the literature, such as active labor market policies, educational policies, employment protection legislation, healthcare, private pension programs and work‐family policies. It illuminates why business groups have responded so very differently to demands for increased social protection against different labor market risks in different countries and over time. This text will be of key interest to students and scholars of comparative welfare, political science, sociology, social policy studies, comparative political economy and welfare history. Chapter 4 of this book is freely available as a downloadable Open Access PDF at http://www.taylorfrancis.com under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.

Cutting Corporate Welfare

Cutting Corporate Welfare PDF

Author: Ralph Nader

Publisher: Seven Stories Press

Published: 2011-01-04

Total Pages: 148

ISBN-13: 1609802012

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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.

The Welfare State

The Welfare State PDF

Author: David Garland

Publisher: Oxford University Press

Published: 2016

Total Pages: 177

ISBN-13: 0199672660

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This 'Very Short Introduction' discusses the necessity of welfare states in modern capitalist societies. Situating social policy in an historical, sociological, and comparative perspective, David Garland brings a new understanding to familiar debates, policies, and institutions.

Incentives to Pander

Incentives to Pander PDF

Author: Nathan M. Jensen

Publisher: Cambridge University Press

Published: 2018-03-15

Total Pages: 271

ISBN-13: 1108311423

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Policies targeting individual companies for economic development incentives, such as tax holidays and abatements, are generally seen as inefficient, economically costly, and distortionary. Despite this evidence, politicians still choose to use these policies to claim credit for attracting investment. Thus, while fiscal incentives are economically inefficient, they pose an effective pandering strategy for politicians. Using original surveys of voters in the United States, Canada and the United Kingdom, as well as data on incentive use by politicians in the US, Vietnam and Russia, this book provides compelling evidence for the use of fiscal incentives for political gain and shows how such pandering appears to be associated with growing economic inequality. As national and subnational governments surrender valuable tax revenue to attract businesses in the vain hope of long-term economic growth, they are left with fiscal shortfalls that have been filled through regressive sales taxes, police fines and penalties, and cuts to public education.

Corporate Social Responsibility and the Welfare State

Corporate Social Responsibility and the Welfare State PDF

Author: Jeanette Brejning

Publisher: Routledge

Published: 2016-05-13

Total Pages: 208

ISBN-13: 1317159373

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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.

The Shadow Welfare State

The Shadow Welfare State PDF

Author: Marie Gottschalk

Publisher: Cornell University Press

Published: 2018-09-05

Total Pages: 302

ISBN-13: 1501725009

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Why, in the recent campaigns for universal health care, did organized labor maintain its support of employer-mandated insurance? Did labor's weakened condition prevent it from endorsing national health insurance? Marie Gottschalk demonstrates here that the unions' surprising stance was a consequence of the peculiarly private nature of social policy in the United States. Her book combines a much-needed account of labor's important role in determining health care policy with a bold and incisive analysis of the American welfare state. Gottschalk stresses that, in the United States, the social welfare system is anchored in the private sector but backed by government policy. As a result, the private sector is a key political battlefield where business, labor, the state, and employees hotly contest matters such as health care. She maintains that the shadow welfare state of job-based benefits shaped the manner in which labor defined its policy interests and strategies. As evidence, Gottschalk examines the influence of the Taft-Hartley health and welfare funds, the Employee Retirement Income Security Act (E.R.I.S.A.), and experience-rated health insurance, showing how they constrained labor from supporting universal health care. Labor, Gottschalk asserts, missed an important opportunity to develop a broader progressive agenda. She challenges the movement to establish a position on health care that addresses the growing ranks of Americans without insurance, the restructuring of the U.S. economy, and the political travails of the unions themselves.

A Corporate Welfare Economy

A Corporate Welfare Economy PDF

Author: James Angresano

Publisher: Routledge

Published: 2016-02-12

Total Pages: 228

ISBN-13: 1317277600

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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. This Corporate Welfare Economy (CWE) has come about as government come increasingly under the influence of corporate interests and lobbyists, with supposedly equalising factors such as regulation skewed in order to suit the interests of the privileged while an overwhelming majority of US citizens have experienced a decline in their standard of living. James Angresano examines the characteristics of this mode of capitalism, 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.