In America, we’re fed the myth that if we just let the free market do its thing, everyone will benefit and things will be fair. But, as we learned in The Problem with the Economy, the reality is that the government has a huge amount of control over the market, and it picks winners and losers all the time.

The winners are mostly giant companies who hardly need a handout from Uncle Sam. But if you suggest shifting the system so it makes workers, the very people America claims to love so much, the winners — GASP! Suddenly everyone’s calling you a dirty socialist.

The common rationale for government intervention is that corporate welfare — using tools like tax breaks, bailouts, and industry subsidies — helps the entire economy grow and then we all benefit, but that’s not true. Just look at all the people who work for these giant, subsidized companies and are barely able to keep their heads above water. (Think minimum wage is enough to live on? See how far it’d take you in your county.)

The Problem with Inflation

The Problem with Inflation

The dysfunctional nature of our economic policy is especially apparent when it comes to how our country handles inflation. As we learned in The Inflation Blame Game, it’s been common practice to blame rising prices on America’s workers for having too much money (!). But it turns out, it’s actually corporate greed that’s one of the main drivers behind the inflation.

So why, then, does the government continue to cling to the Fed raising interest rates as its only tool for fighting inflation? It’s awfully convenient that this solution is the only one that hurts the little guy (who don’t have nearly as many lobbyists in Congress) instead of putting a dent in corporate profits.

To learn more about how we can fight inflation in a way that doesn’t inflict pain on the working class, visit our Take Action page.

The Problem With Globalization

Corporate welfare isn’t just an issue at the federal level. In Globalization: Made in America, we looked at what happens when states compete against each other to woo corporations who promise new jobs. States offer companies incentives packages and tax breaks, on the premise that it will benefit the state’s workers. But once the companies arrive in an area, wages often go down, environmental regulations tend to go away, and it’s the workers who usually end up suffering. 

In Where Is Our Tax Money Going?, we dug into how exactly America is spending our tax dollars – and we learned that a shocking amount of our hard-earned money goes directly to middlemen and private companies. It’s a very broken and inefficient system that’s made possible largely because Congress gives corporate lobbyists an outsized role in how legislation is shaped. There’s also almost no accountability for how the money is actually being spent. No wonder so many of us feel like we don’t get much of a return on our tax dollars.

To learn more about how we can rebuild our economy in a way that’s fairer for everyone, not just big corporations, visit our Take Action page.

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