Governments’ Visible Hand Impoverishes Society

The social and political economy, and the distribution of public funds for private businesses.

Adobe Stock By Bethany

Usually, financial donations award donors with tax breaks and virtuousness, but when governments submit charity to private businesses, the public’s distress and taxes tend to increase. Occasionally, society’s philanthropy facilitates innovations like the internet and GPS, but more commonly, the money enables corporations to develop commodities for the public to purchase — again.

In a democratic socialist political and economic environment, public funding distributed to businesses provides citizens sovereignty, ownership of production, and social benefits, but this isn’t efficient. So, governments use the public’s wealth to assist corporations with generating the profits to invest in activities that might provide jobs, wages, and products for the people while undoubtedly boosting shareholder value because that’s efficiency.

Governments choose the beneficiaries by assessing an organization’s size, economic influence, and political donations. Although corporations often take advantage of public assistance, they pose fewer welfare-dependent risks than small businesses, and financing citizens would be socialism. Besides, the privatization of prisons, hospitals…