We need to bring an end to the corporate-welfare system that wastes billions in company subsidies, agricultural subsidies, and bailouts, all of it fostering corruption and cronyism. Ryan opposes these subsidies, not only because they waste taxpayers’ money, but (more importantly) because they create perverse incentives: they encourage businesses to lobby Washington for preferential treatment rather than to compete in the global marketplace. City Journal
27/10/2012
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