Corporate Welfare, Monopolies & Subsidies

Where does the Libertarian Party of West Virginia stand regarding subsidies and corporate welfare?

A:

Subsidies, government-granted monopolies, and other forms of corporate welfare today exist as privileges granted by government to those with political access. These destroy the level playing field that free markets depend on, create a corrupt relationship between government authority and special interests, and are unconstitutional. Furthermore, the loans by government-sponsored entities, even when not guaranteed by the government, constitute another form of subsidy.

 

Individuals must be free to be aggressive competitors and form corporations, cooperatives and other types of companies based on voluntary association in the market place, and must enjoy no state-sponsored advantage. Those who best supply a good or service in the market will enjoy natural dominance only as long as they continue to benefit consumers. Subsidies and government-granted monopolies protect the non-competitive from market forces.

 

Replacement of all government-granted monopolies and subsidies with deregulated free markets and informed consumers will benefit both consumers and producers, eliminate political favoritism, and maintain a strict separation of markets and state authority. Genuine crimes committed to create a monopoly, such as blackmail, bribery, fraud, libel or slander are prosecuted as any other crime.

 

Transitional Action:
Eliminate all state and federal grants of monopoly or subsidy to any private companies, such as utilities, airlines, energy companies, agriculture, science, medicine, broadcasting, the arts and sports teams. Repeal all anti-trust laws. All federal agencies whose primary function is to make or guarantee corporate loans must be abolished or privatized.

 

Eliminate only grants from state only sources but allow Federal pass through grants until the system is changed at the Federal level. Taxes are being paid by WV residents to the Federal government. As long at we are taxed, to be fair to West Virginia, money should come back to WV from the Federal Government.