Capitalists Who Pay Their Enemies
"The capitalists will sell us the rope by which we hang them," V.I. Lenin once declared. These days, they are giving away the rope for free.
While liberal advocacy groups are rarely Leninist, U.S. companies do finance many left-of-center non-profit institutions. This corporate philanthropy helps these organizations pressure policy-makers to increase regulations, taxes and public expenditures. In short, American industry feeds the mouth that bites it.
As senior managers offer their company contributions in this season of giving, they would be wise to look for the Capital Research Center's "Patterns of Corporate Philanthropy." This book illustrates how the Forbes 250 companies subsidize their own headaches. Consider these migraines from 1995, the latest year CRC has analyzed:
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Publication information: Article title: Capitalists Who Pay Their Enemies. Contributors: Not available. Newspaper title: The Washington Times (Washington, DC). Publication date: December 19, 1999. Page number: 5. © 2009 The Washington Times LLC. COPYRIGHT 1999 Gale Group.
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