Crony capitalism
Companies and stakeholder organisations set up systems to try and influence politics to their own advantage. Whoever has the biggest PR budget and is able to employ the most lawyers and lobbyists can influence legislation in their favour, at the expense of the wider collective of taxpayers.
Crony capitalism entries
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Public funded battery factory
There’s stiff competition for the worst corporate welfare deal in Canadian history. But in 2023 Volkswagen was handed $16 billion to build a $7-billion electric vehicle battery factory.
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The biogas plant that never got off the ground
In 2012, Söderhamn Nära, a Swedish municipal company, decided to be a trailblazer and started building a biogas facility at a cost of SEK 9 million, aiming to run the municipality’s vehicles on the gas…
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Luxury offices for Swedens’ municipalities and regions
SKR, the Swedish association of local authorities and regions, is planning to spend huge sums on building itself a new office in the centre of Stockholm. Exactly how much money is involved, SKR does not…
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