Astral Codex Ten Podcast cover image

Meditations on Moloch [Classic]

Astral Codex Ten Podcast

CHAPTER

13 Reasons Why Corporate Welfare Is a Good Idea

The government spends $100 billion a year on corporate welfare. Only 9% of Americans like it, suggesting a lower approval rating than cockroaches or traffic jams. From within the system everyone is following their own incentives and will continue to do so. In practice every representative's incentive is to appeal to his or her constituency while throwing the rest of the country under the bus.

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