Tag: Free Lunch
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Corporate Welfare.4: Avoid Amazon
Salon.com published a piece today with the provocative title, “Amazon is worse than Walmart.” Their argument centers on the notion that Amazon’s business strategy for years has been to accept near-perennial losses on a quarterly and yearly basis in exchange for achieving a near monopoly size “market share.” Walmart, by contrast, actually makes a profit.…
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Corporate Welfare.3: Welfare Wings
Today the Real News Network, who I encourage you to support during their current drive to win a matching gift, is reporting that “the Michigan strategic fund has decided to issue $450 million in bonds for a new stadium for the Detroit Red Wings, 44% of which will be financed publicly,” while the city is…
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Corporate Welfare.1: Blackwater’s Warfare Welfare
(This is the first in a new series of posts about how corporations that claim to generate profit in the private sector are heavily subsidized by taxpayers in ways that I could only wish fields like education and healthcare were. For an overview on that, see “Free Lunch: How the Richest Americans Enrich Themselves at…