Since President Johnson's declaration of a War on Poverty in 1964, federal spending on anti-poverty programs has grown substantially, reaching hundreds of billions annually. Despite this investment, poverty persists, largely due to the involvement of private middlemen in distributing aid. Privatization efforts from the 1980s aimed to enhance service delivery through competition have inadvertently created a new set of industries reliant on poverty for profit, termed "Poverty Inc." These businesses often exploit the very individuals they profess to help, raising concerns over the effectiveness and ethics of the current anti-poverty system.
If anyone is winning the War on Poverty, it's them.
The result is a lucrative and politically powerful set of industries that are fueled by government anti-poverty programs and thus depend on poverty for their business model.
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