 |
Definition of 'Pork-Barrel Politics'
A slang term used when politicians or governments "unofficially" undertake projects that benefit a group of citizens in return for that group's support or campaign donations. This spending mostly benefits the needs of a small select group despite the fact that the entire community's funds are being used.
Also referred to as "patronage".
|
 |
Investopedia explains 'Pork-Barrel Politics'
For example, let's say a city has a large number of potholes, spread evenly throughout its communities. If the mayor took campaign contributions from a group of wealthy residents in exchange for a promise to fix the potholes in their neighborhood first, this would be pork-barrel politics.
One possible derivation for the phrase comes from the practice of country stores keeping a barrel of salted pork open and available to the public. Certain high-ranking citizens would come by daily to dip into this common fund.
|
-
Learn economics principles such as the relationship of supply and demand, elasticity, utility, and more!
Read More »
-
The president's political party is correlated to market performance. Find out which party tends to outperform.
Read More »
-
Emerging markets provide new investment opportunities, but there are risks - both to residents and foreign investors.
Read More »
-
-
Find out what type of international fund might suit your needs, in order to gain exposure to foreign markets.
Read More »
-
High returns come at a price, but country funds may still be a good bet.
Read More »
-
Read More »
|
|
