Corporate Welfare Bum

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Corporate Welfare Bum

Highly derogatory; an executive or company taking money from the public treasury through subsidies, large contracts or other means. The term connotes an individual or company that enriches itself without contributing to the development of an economy or creating jobs to any significant extent.
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(3) The state is also active in fuelling capitalist markets, most notably through investment in the military/industrial complex, and in direct subsidies to private enterprise -- "the corporate welfare bums." (4) The welfare state is not an easily circumscribed sphere of activity but an abstraction from an intricate set of institutional relations.
(4) David Lewis, leader of the New Democratic Party, popularized the term "corporate welfare bums" in the 1972 federal election campaign.
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