ABSTRACT
This chapter provides numerous specific examples of nexus members that have influenced tax laws as well as having promoted corporate welfare for the food, pharmaceutical, retail, defense, oil and gas, and finance industries, as well as cases of the revolving door within each nexus. When a highly concentrated nexus exists, lobbying becomes a powerful force shaping economic legislation and regulation by representing the political agenda of the private sector nexus members. The chapter expresses that for each industry a particular nexus has been formed that favors that industry but members of that nexus may not favor corporate welfare being given to other industries. Greenspans libertarian philosophy led to alleged laissez-faire policies highly profitable for the finance industry, but whose impact on the US finance industry was even more detrimental than policies introduced in states such as Kansas under the leadership of governors with a similar economic philosophy.
