Welfare Kings

Welfare Kings: "The U.S. Commerce Department's Advanced Technology Program started doling out millions of dollars to big corporations like General Electric and Xerox a decade and a half ago, during the heyday of enthusiasm for industrial policy. In the years since, the notion of government-led industrial and technological development has been widely discredited. But ATP continues to chug along, with the cumulative bill to taxpayers so far topping $2.3 billion. "