Corporate socialism is where we socialize losses and privatize gains.

 "Corporate socialism is where we socialize losses and privatize gains.  Companies that have failed in the marketplace stick the taxpayers with their losses, but when they make money they get to keep it, and secondly, huge amounts of capital are given to companies by taxpayers,"

David Cay Johnston said in a phone interview.  A former New York Times reporter, Johnston won a Pulitzer Prize in 2001 for revealing inequities and loopholes in the U.S. tax code.  "Many of the retail stores you walk into, especially big box retailers and in some cases entire shopping centers, legally keep the sales taxes you pay at the cash register," he said.  "That's because government bought the land, often after condemning it through eminent domain and had the buildings erected to the specifications of the company, but the land and building are actually owned by a government entity, and the cost of buying the land and putting up the building are paid for with your taxpayer dollars. That's not capitalism. That's not market economics. It's a system in which governments pick winners and create losers."

  Johnston cited several examples of corporate socialism.  In Lockport, N.Y., Yahoo is receiving $2 million for every job it creates in the area, which pay on average $45,000 annually. Alcoa is currently receiving $5.6 billion in electricity discounts from New York state, which would be better spent decreasing utility rates for residents across the state.  Boeing has received billions in subsidies to build a plant in South Carolina, while transparency remains elusive regarding the exact worth of the subsidies and incentives the company received.  In his 2007 book Free Lunch Johnston discusses how a corporation like Cabela's received $32 million in government subsidies to build, at the time, the largest outdoor recreational gear store in the country in Hamburg, Pa., while a local competitor who sold the same products at lower prices went out of business because of the deal.

  One major example of corporate socialism in the past few decades has been the use of tax havens abroad by multinational companies to avoid corporate income tax; smaller, domestic companies are unable to use tax havens, giving multinational companies an additional edge over smaller competitors.  https://thehill.com/blogs/pundits-blog/economy-budget/268947-a-democracy-lost-to-corporate-socialism

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1-19-16     few people are aware of the extent of corporate socialism which is defined here as the transfer of capital, by government to corporations.

  In the heat of the global financial collapse (2008—GFC) corporate socialism was blatant as there was no need to hide the fact that financial corporations needed to be saved by the government’s injecting trillions of dollars into them to maintain liquidity and solvency of the financial system.  The income inequality created by corporate socialism was equally blatant, making billionaires of executives such as Lloyd Blankfein (in July 2015), CEO of Goldman Sachs, a bank which was central to the fraudulent dealings of subprime mortgage derivatives triggering the GFC.

  The close connection between the US government and the financial sector through the operations of the US Federal Reserve is perhaps well understood.  But less well understood is how corporate socialism has been operating less blatantly by the government over the decades, not just recently.  For example, nearly 6 percent of GDP collected annually in indirect taxes comes substantially from import duties, which protect corporations from foreign competition at the expense of consumers. http://www.asepp.com/corporate-socialism-and-hollowing-of-america/

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2-5-19  “Here in the United States we are alarmed by new calls to adopt socialism in our country," Trump said.  "America was founded on liberty and independence - not government coercion, domination and control.”

https://www.realclearpolitics.com/video/2019/02/05/trump_america_will_never_be_a_socialist_country_we_were_born_free_and_we_shall_stay_free.html 
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  Saint Germain explained that the manipulation of the free market and the free governments of nations through monopoly capitalism or corporate socialism will not work because manipulation destroys individual creativity and snuffs out the individual’s desire to be self-sustaining in God.  Fallen Angels Among Us, S. U. Press, 2010, p. 112

         -Messenger Elizabeth C Prophet:    Fallen Angels Among Us, S. U. Press, 2010, p. 112
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Last year major US banks were able to cut their collective tax bill by around $21 billion thanks to the GOP tax overhaul - nearly double the budget for the entire IRS, then fired thousands of employees and tightened lending standards, reports Bloomberg. https://www.zerohedge.com/news/2019-02-06/banks-got-21-billion-tax-windfall-then-fired-thousands-and-rewarded-themselves
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