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Cutting Corporate Welfare Paperback – October 3, 2000
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.
- Print length96 pages
- LanguageEnglish
- PublisherSeven Stories Press
- Publication dateOctober 3, 2000
- Dimensions4.26 x 0.31 x 6.75 inches
- ISBN-10158322033X
- ISBN-13978-1583220337
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Product details
- Publisher : Seven Stories Press; First Edition (October 3, 2000)
- Language : English
- Paperback : 96 pages
- ISBN-10 : 158322033X
- ISBN-13 : 978-1583220337
- Item Weight : 13 ounces
- Dimensions : 4.26 x 0.31 x 6.75 inches
- Best Sellers Rank: #196,167 in Books (See Top 100 in Books)
- #136 in Economic Policy
- #177 in Economic Policy & Development (Books)
- #341 in Economic Conditions (Books)
- Customer Reviews:
About the author

Named by The Atlantic as one of the hundred most influential figures in American history, and by Time and Life magazines as one of the most influential Americans of the twentieth century, Ralph Nader has helped us drive safer cars, eat healthier food, breathe better air, drink cleaner water, and work in safer environments for more than four decades.
The crusading attorney first made headlines in 1965 with his book Unsafe at Any Speed, a scathing indictment that lambasted the auto industry for producing unsafe vehicles. The book led to congressional hearings and automobile safety laws passed in 1966, including the National Traffic and Motor Vehicle Safety Act. He was instrumental in the creation of the Occupational Safety and Health Administration (OSHA), the Environmental Protection Agency (EPA), the Consumer Product Safety Commission (CSPC), and the National Highway Transportation Safety Administration (NHTSA). Many lives have been saved by Nader's involvement in the recall of millions of unsafe consumer products, including defective motor vehicles, and in the protection of laborers and the environment. By starting dozens of citizen groups, Ralph Nader has created an atmosphere of corporate and governmental accountability.
Ralph Nader's most recent books include, Wrecking America (with Mark Green) the Nader Family Cookbook, How the Rats Vetoed Congress, and Breaking Through Power.
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Actually, this book may have been the creation of the concept of "Corporate Welfare", a notion we now see appropriately used to analyze events.
Nader coined the term "corporate welfare" in 1956, before he became famous for attacking General Motors, and it's been a pet topic of his ever since. It means, basically, government spending of any kind whatsoever that has the effect of benefiting corporations.
Some government give-aways are obvious, like the $70 billion in lost revenue from the 1996 Telecommunications Act, when the feds gave big broadcasters a new broadcast spectrum for free, instead of auctioning it off. Nader says this is because broadcasters contribute heavily to political campaigns; and that's the essence of his view, that all corporate welfare is based on campaign kickbacks.
But some government give-aways are a lot less obvious. It's impressive how Nader can apply that specific a concept to such a wide array of policy issues. (He can do this successfully because he has spent the last 45 years thinking about little else. When an interviewer asked him what he likes to do with his free time, he responded, "I like to visit a meat-processing plant. Or a coal mine.)
The problem, as Nader sees it, is that government giveaways to corporations are repaid by campaign donations, so the politicians who support the corporate welfare get corporate support back for their re-election, and the cycle continues indefinitely. This is what Nader meant when he called Gore & Bush "tweedledum and tweedledee", with no substantive differences between them. When pressed, Nader conceded that Gore & Bush DID differ on the issues, but he says that the only REAL difference is which corporations support Gore versus which support Bush. They both kowtow equally, says Nader, and that's the source of inherent corruption.
This book is never going to have the impact of Nader's 1960s classic "Unsafe at Any Speed," which basically gave bith to the consumer safety industry. But it DOES address a resonant chord in the American electorate, as we saw with John McCain's immense popularity. McCain addressed the same basic issues of campaign finance problems (and in fact was one of the few Senate opponents of that 1996 Telecomm Act), but without the deeper underpinning that Nader presents.
Some examples of Nader's applications of misuse of government resources on corporate welfare:
* Subsidizing defense industry mergers
* Pork-barrel highway projects
* "Export assistance" to big companies
* Tax holidays for sports stadiums
* Corporate tax loopholes
....
An interesting read for those who believe in the American way but want to get a glimpse into some of the negatives that Nader and his guys feel need some improvement. Books like this need to be written because it forces people to take a closer look at some of the government waste and the sometimes shady corporate/government partnerships. But I don't think that Nader's solutions are very practical politically nor will they be easily implemented.




