We have covered several areas concerning corporate welfare
or cronyism; however, our areas of research were limited to the State
of Texas. Unfortunately, Texas is not the only government that suffers
systematically from this problem. The Federal government does as well,
and there is little question as to whether or not it exists. The real
question is, “How much of it exists?”
Our Founding Fathers feared corruption caused by
foreign interests. Being a relatively new nation, they believed we were
vulnerable to countries like Great Britain who would try to usurp power.
One of the reasons our first national bank, the First Bank of the
United States, failed was due to the majority of its stock being owned
by foreign investors. It was acting in the interests of the foreigner
rather than the U.S. citizen.
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