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Anne Kim - Poverty for Profit: How Corporations Get Rich off America’s Poor Poverty is big business in America. The federal government spends about $900 billion a year on programs that directly or disproportionately impact poor Americans, including antipoverty programs such as the earned income tax credit, Medicaid, and affordable housing vouchers and subsidies. States and local governments spend tens of billions more. Ironically, these enormous sums fuel the “corporate poverty complex,” a vast web of hidden industries and entrenched private-sector interests that profit from the bureaucracies regulating the lives of the poor. From bail bondsmen to dialysis providers to towing companies, their business models depend on exploiting low-income Americans, and their political influence ensures a thriving set of industries where everyone profits except the poor, while U.S. taxpayers foot the bill. In Poverty for Profit: How Corporations Get Rich off America’s Poor (The New Press, 2024), veteran journalist Anne Kim…
Father David Bryan Hoopes was sitting on the front porch of a Victorian-era heritage home on a corner of a prominent tree-lined street in west-end Toronto. It was the end of the workday, and he was enjoying a cup of tea and watching the neighbourhood go by, one of the many things the 80-year-old Anglican monk and longtime resident is going to miss about the stately home the New York-based Order of the Holy Cross has owned since the early 1980s.
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