20min chapter

Pitchfork Economics with Nick Hanauer cover image

Poverty for Profit: How Corporations Get Rich off America’s Poor (with Anne Kim)

Pitchfork Economics with Nick Hanauer

CHAPTER

Profit and Poverty: The Exploitation of Welfare Programs

This chapter examines the complexities of how various entities exploit government anti-poverty programs for profit, including companies managing tax credits and welfare services. It highlights key examples of how large corporations and private contractors benefit financially while negatively impacting low-income individuals' access to essential services. The discussion raises important concerns about the ethics of privatization in welfare and Medicaid, revealing systemic inefficiencies and the prioritization of profit over care.

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