When people think of welfare, they all think the same thing. A cheque given to someone living on social assistance. This isn’t to far from the meaning of corporate welfare. The only difference is these corporations that get subsidies from the government get large amounts.
Take CBC for example. The CBC is given $1.2 billion very year to keep them a float. You might think this is great because it’s the government keeping a Canadian company in business. CBC has reported steady revenue loses of 53% between 2014 and 2019 long before the COVID-19 pandemic.
Previous reports have shown that very few Canadians actually engage with the broadcaster at all, about 4% of Canadian regularly watch CBC TV in 2019 and only 0.8% tune into its evening newscasts.