Cronyism and Corporate Welfare

Income Inequality remains a pressing social and political issue in domestic and international politics. Market-based economies ensure that everyone regardless of status, political affiliation, race or gender have an opportunity-based society where they can only grow rich when they serve others. Corporate Welfare distorts the incentives of markets by inducing a culture of favoritism, public-private partnerships and big business boondoggles. Cronyism favors the rich at the expense of everyone else and fosters inequality of outcome.