ABSTRACT
This chapter focuses on corporate welfare fueled by the existence of industry nexuses and policies influenced by limited, biased discourse culminating with extensive trading of favors among nexus members. America's public officials have rewritten the rules of American politics and the American economy in ways that have benefited the few at the expense of the many. The chapter provides more examples of favors traded that generate corporate welfare. The nexus discourse shaping trading of favors patterns leading to corporate welfare given to some of the richest American individuals and corporations has become pervasive. The economic assessments of the deal by those not paid by the team or the NFL were consistent with such assessments for similar projects. The economic rationale in cost benefit studies that purport to demonstrate that construction of a new sports arena or stadium will pay for itself has been proven false in virtually every case study since the late 1990s, with taxpayers making up the difference.
