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* Latest * Magazine * Current Issue * Archives * Subscribe * Crossword * Video * Podcasts * All Shows * The Reason Roundtable * The Reason Interview With Nick Gillespie * The Soho Forum Debates * Just Asking Questions * The Best of Reason Magazine * Why We Can't Have Nice Things * Volokh * Newsletters * Donate * Donate Online * Donate Crypto * Ways To Give To Reason Foundation * Torchbearer Society * Planned Giving * Subscribe * Reason Plus Subscription * Print Subscription Search for: LOGIN FORM Username(Required) Password(Required) Remember Me Login Create new account Forgot password CRONY CAPITALISM Government Spending THE BUDGET DEAL IS OVERFLOWING WITH $12 BILLION OF EARMARKS Why are federal taxpayers paying for upgrades at tiny rural airports, Thanksgiving Day parades, and enhancements for Alaskan king crabs? Eric Boehm | 3.6.2024 2:35 PM Minimum Wage WHY IS PANERA EXEMPTED FROM CALIFORNIA'S NEW MINIMUM WAGE LAW? Probably because Greg Flynn, who operates 24 of the bakery cafes in California, is a longtime friend of Gov. Gavin Newsom. Eric Boehm | 2.28.2024 12:15 PM Biden Administration BIDEN POURS OUT ANOTHER $6.5 BILLION FOR THE CHIPS ACT'S COSTLY PROTECTIONISM It's part of the government's expensive public-private partnership meant to address concerns over a reliance on foreign countries, like China, for semiconductors. Varad Raigaonkar | 2.21.2024 3:30 PM Crony Capitalism THE GOVERNMENT IS BETTER AT PICKING LOSERS THAN WINNERS It's taxpayers who lose when politicians give gifts, grants, and loans to private companies. Joe Lancaster | 1.25.2024 6:00 AM Regulation WONKA FIGHTS THE CANDY CRONIES When regulators block entrepreneurs, they take away a golden ticket. Ethan Blevins | 1.12.2024 10:55 AM Economy ON ECONOMIC ISSUES, THE POPULIST RIGHT AND LEFT SHARE A LOT OF COMMON GROUND That's bad news for Americans. Veronique de Rugy | 1.11.2024 10:55 AM Subsidies HOW MUCH WILL TAXPAYERS PAY FOR VIRGINIA'S $2 BILLION ARENA PLAN? How much public money will be used remains unclear. The consensus answer seems to be "a lot." Eric Boehm | 1.10.2024 10:05 AM Economic Development STATE GOVERNMENTS PROMISED PRIVATE COMPANIES MORE THAN $10 BILLION IN SUBSIDIES LAST YEAR The statistic, compiled by watchdog group Good Jobs First, only takes into account "megadeals" involving at least $50 million in subsidies. Joe Lancaster | 1.5.2024 2:35 PM Film Subsidies GEORGIA TAXPAYERS LOSE $160,000 FOR EVERY JOB CREATED BY FILM TAX CREDITS The program generates just 19 cents for every dollar spent. Eric Boehm | 12.18.2023 12:20 PM Electric cars NORTH CAROLINA'S BAD BILLION-DOLLAR BET ON A STRUGGLING E.V. COMPANY Vietnamese electric vehicle manufacturer VinFast has lost $5.8 billion in three years, during which time the state of North Carolina pledged $1.2 billion in state incentives. Joe Lancaster | 12.11.2023 1:49 PM Energy Subsidies FORD E.V. BATTERY PLANT IN MICHIGAN NAMED WORST ECONOMIC DEVELOPMENT DEAL OF 2023 For the third time in five years, the Center for Economic Accountability found an electric vehicle or battery plant to be the most egregious waste of taxpayer funds. Joe Lancaster | 12.5.2023 1:45 PM Economy YES, HEAVY REGULATION HURTS THE ECONOMY. JUST LOOK AT FRANCE. We're often told European countries are better off thanks to big-government policies. So why is the U.S. beating France in many important ways? Veronique de Rugy | 11.30.2023 12:01 AM Corporate Welfare MICHIGAN LAWMAKERS SIGNED NONDISCLOSURE AGREEMENTS, CAN'T DISCUSS CORPORATE WELFARE SCHEME If states insist upon giving away taxpayer money to private companies, the least they can offer in return is transparency. Joe Lancaster | 11.14.2023 4:00 PM Government Spending THE REAL SCANDAL IN WASHINGTON IS THE GOVERNMENT'S RECKLESS SPENDING Those sounding the loudest alarms about possible shutdowns are largely silent when Congress ignores its own budgetary rules. All that seems to matter is that government is metaphorically funded. Veronique de Rugy | 10.5.2023 12:01 AM Economy 'BIDENOMICS' IS FAILING EVERYDAY AMERICANS The big spending has fueled higher inflation, resulted in larger-than-projected deficits, and contributed to a record level of debt. Veronique de Rugy | 9.21.2023 8:01 AM China CHINA IS NO ECONOMIC MODEL FOR AMERICA The country's current struggles show the problems of the Beijing way—and make the case for freedom. Veronique de Rugy | 8.31.2023 12:35 PM Free Trade WHY WE CAN'T HAVE NICE THINGS: JONES ACT TRAFFIC JAM "It's just a very classic case of everything wrong with Washington." Eric Boehm | 8.17.2023 11:05 AM Crony Capitalism YELLOW CORPORATION TO CLOSE, LAY OFF 30,000 EMPLOYEES, AND LIKELY DEFAULT ON $700 MILLION PANDEMIC AID LOAN The company blames much of its problems on the Teamsters trucking union's "intransigence," while the Teamsters say Yellow is delinquent on benefit payments. Joe Lancaster | 8.7.2023 4:22 PM Credit Card PROGRESSIVES AND POPULIST REPUBLICANS ARE COMING FOR YOUR CREDIT CARD REWARDS New legislation would intervene in the credit card market to help businesses like Target and Walmart, who don't like the fees they have to pay to accept credit card payments. Veronique de Rugy | 7.20.2023 1:35 PM Joe Biden 'BIDENOMICS,' LIKE ALL INDUSTRIAL POLICY, SUCKS Plus: Does Tom Cruise really do all of his own stunts? Matt Welch, Katherine Mangu-Ward, Nick Gillespie, and Peter Suderman | 7.17.2023 4:41 PM Economics 'BIDENOMICS' IS NOTHING NEW It's a familiar program. And it will result in higher prices, slower growth, and fewer jobs. Veronique de Rugy | 7.13.2023 11:00 AM Government Waste TESLA SOLAR FACTORY NOT LIVING UP TO NEW YORK'S $1 BILLION INVESTMENT In exchange for $1 billion, the state expected 5,000 jobs and 1,000 installations a week. Instead, it reported 1,700 jobs, most of them Tesla data analysts, and 21 installations per week. Joe Lancaster | 7.7.2023 2:25 PM Government Waste OHIO E.V. MANUFACTURER FAILS DESPITE MILLIONS IN TAXPAYER SUBSIDIES Lordstown Motors received $24.5 million to operate an Ohio factory. G.M., the factory's previous owner, received $60 million before shuttering it. Joe Lancaster | 6.27.2023 2:25 PM Corruption CITY COUNCIL INDICTMENT SHOWS HOW L.A.'S OVERREGULATED HOUSING MARKET BREEDS CORRUPTION City Councilmember Curren Price is indicted for steering favors to affordable housing developers who were bribing his wife. Christian Britschgi | 6.14.2023 4:50 PM Government Waste MOVIE INDUSTRY SAYS GEORGIA'S FILM TAX CREDITS ARE GREAT. STATE AUDITORS SAY THEY'RE A WASTE OF MONEY. Contradicting a new report funded by entertainment industry advocates, state auditors have cast significant doubts on the tax credit program's actual effectiveness. Joe Lancaster | 6.12.2023 3:02 PM Crony Capitalism MICHIGAN HAS GIVEN THE E.V. INDUSTRY $1.4 BILLION AND COUNTING Carmakers don't need a crony-capitalist slush fund. Joe Lancaster | 5.24.2023 1:00 PM Big Government CONSERVATIVES PUSHING 'COMMON GOOD CAPITALISM' SOUND A LOT LIKE PROGRESSIVES The ideology champions the same tired policies that big government types predictably propose whenever they see something they don't like. Veronique de Rugy | 5.18.2023 1:25 PM Economics STATES SPEND BILLIONS ON ECONOMIC DEVELOPMENT DEALS WITH LITTLE RETURN In a new report, the Center for Economic Accountability analyzed economic development data from all 50 states and the District of Columbia, and there's very little to show for billions in annual spending. Joe Lancaster | 5.9.2023 2:20 PM Sports STADIUM SUBSIDY STUPIDITY HITS NEW RECORD Taxpayers are on the hook for $1.26 billion for a new stadium in Nashville. Jason Russell | 4.26.2023 3:00 PM Electric cars GEORGIA IS SHOVELING CASH INTO A FAILING ELECTRIC VEHICLE COMPANY In 2021, the state of Georgia made an expensive bet on an unproven company that could be headed for financial catastrophe. Joe Lancaster | 4.12.2023 12:00 PM Electric cars TENNESSEE WILL USE EMINENT DOMAIN TO EVICT BLACK FARMERS FOR FORD E.V. FACTORY The state promised Ford nearly $900 million in incentives, including new and upgraded roads. But it chose to run that new road through a number of black-owned farms. Joe Lancaster | 4.4.2023 11:20 AM Electric cars THE INFLATION REDUCTION ACT IS SCREWING UP THE MARKET FOR ELECTRIC VEHICLES Volkswagen unveiled a cheap new electric concept car, but protectionist policies mean it's not worthwhile for the company to introduce it in the U.S. Joe Lancaster | 3.24.2023 3:25 PM Eminent Domain NORTH CAROLINA USING EMINENT DOMAIN TO SEIZE HOMES AND A CHURCH FOR ELECTRIC CAR FACTORY Under the Kelo v. New London Supreme Court decision, a state can take private land to give to a private developer for almost any reason it wants. Joe Lancaster | 3.13.2023 2:00 PM Economics AMERICA NEEDS A BETTER KIND OF CAPITALISM Big corporations and entire industries constantly use their connections in Congress to get favors, no matter which party is in power. Veronique de Rugy | 3.9.2023 3:30 PM Biden Administration THE GOVERNMENT IS SUBSIDIZING MICROCHIP FIRMS—WHILE MAKING IT MORE EXPENSIVE TO PRODUCE MICROCHIPS Politicians say they want to subsidize various industries, but they sabotage themselves by weighing the policies down with rules that have nothing to do with the plans. Veronique de Rugy | 3.2.2023 12:01 AM betting markets PREDICTIT HELPS FORECAST ELECTION RESULTS. BUREAUCRATS ARE TRYING TO KILL IT. Election betting markets are often more reliable than pundits. Did the site steal user funds? No. Did they lie to people? No. Harm anyone? No. John Stossel | 2.15.2023 12:30 AM Electric cars YOUNGKIN NIXES FORD ELECTRIC VEHICLE PLANT OVER ANTI-CHINA PARANOIA The factory may have been a bad deal for Virginia, but tying the decision to Chinese aggression is the wrong move. Joe Lancaster | 1.17.2023 1:30 PM Jones Act IS IT 'TREASON' TO SUPPORT FREE TRADE? Shipping industry insiders floated a recommendation to charge critics of the Jones Act with treason, according to documents obtained through a Freedom of Information Act request. Scott Shackford | 1.12.2023 6:00 AM Airlines POLITICIANS WHO SUPPORTED $54 BILLION IN AIRLINE BAILOUTS NOW POSE AS INDUSTRY CRITICS Political criticism of Southwest's mass flight cancelations mask a cronyist relationship between government and the passenger airline industry. Christian Britschgi | 12.28.2022 5:05 PM Electric cars FREE MARKET THINK TANK NAMES GEORGIA ELECTRIC VEHICLE PLANT THE 'WORST ECONOMIC DEVELOPMENT DEAL OF 2022' Rivian, an electric truck manufacturer that hopes to compete with Tesla, received a lucrative deal to build a new factory in Georgia despite concerns about its finances. Joe Lancaster | 12.28.2022 10:00 AM Biden Administration SEMICONDUCTOR MANUFACTURERS DON'T NEED MORE SUBSIDIES. THEY NEED LESS GOVERNMENT. Fixing federal permitting rules and easing immigration policies would help companies like the Taiwan Semiconductor Manufacturing Company, which are interested in building more plants in America. Eric Boehm | 12.6.2022 2:20 PM Food FARM SUBSIDIES AND FOOD STAMPS WON'T FIX HIGH GROCERY PRICES. INNOVATION WILL. With government meddling, many farmers end up doing less with more, and people end up paying more for less. Veronique de Rugy | 11.10.2022 2:15 PM Free Markets MARKETS AREN'T PERFECT, BUT GOVERNMENT IS WORSE The free market allows people to cooperate, fix errors, and adapt to changing circumstances. Veronique de Rugy | 10.20.2022 12:01 AM Jones Act SOMEBODY IN THE SHIPPING INDUSTRY WANTS OPPONENTS OF THE JONES ACT CHARGED WITH TREASON There’s nothing patriotic about a law lining the pockets of cargo companies at the expense of consumers. Scott Shackford | 10.19.2022 2:10 PM Electric cars OHIO PLEDGES OVER $150 MILLION IN TAXPAYER MONEY FOR HONDA FACTORIES Honda, one of the world's largest automakers, announced it would spend $4 billion building and upgrading factories in Ohio. The state is showering it with public funds anyway. Joe Lancaster | 10.17.2022 4:00 PM Occupational Licensing THE GOVERNMENT SHOULD BE PRO-MARKET, NOT 'PRO-BUSINESS' Businesses are all in favor of competition, tax cuts, and deregulation only until they aren't—meaning only until subsidies might benefit them. Veronique de Rugy | 9.29.2022 11:45 AM Electric cars FORD'S E.V. CHARGER MANDATE SHOWS HOW BROKEN DEALERSHIP LAWS ARE The current franchise dealership model does not benefit consumers. It also may not benefit dealerships. Joe Lancaster | 9.20.2022 11:20 AM Corporate Welfare BRETT FAVRE GOES ON WELFARE How the former NFL quarterback convinced Mississippi to spend its public assistance money on a volleyball facility. Joe Lancaster | 9.15.2022 12:05 PM More * About * Browse Topics * Events * Staff * Jobs * Donate * Advertise * Subscribe * Contact * Media * Shop * Amazon Reason FacebookReason TwitterReason InstagramReason TikTokReason YoutubeReason ItunesReason on FlipboardReason RSS © 2024 Reason Foundation | Accessibility | Privacy Policy | Terms Of Use This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Notifications