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Cutting Corporate Welfare (Seven Stories' Open Media Pamphlet Series)by Ralph Nader
Synopses & Reviews
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 chemicals 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.
While the U.S. continues to experience unprecedented cuts in social service programs and millions of Americans go without health insurance, corporations reap vast sums of taxpayer money through "corporate welfare" — subsidies, bailouts, giveaways, and loopholes. Ralph Nader explains the history and extent of this troubling phenomenon and offers strategies for stopping it.
About the Author
Author, lawyer, and consumer advocate Ralph Nader has founded the Center for Study of Responsive Law, the Public Interest Research Group, the Center for Auto Safety, Public Citizen, Clean Water Action Project, the Disability Rights Center, the Pension Rights Center, and the Project for Corporate Responsibility. A veteran muckraker and defender of the rights of the people, he became a household name when he ran for President of the United States in the 2000 elections.
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