Poverty for Profit: How Corporations Get Rich off America’s Poor (with Anne Kim)
Pitchfork Economics with Nick Hanauer
00:00
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.
Play episode from 03:10
Transcript
