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This is an invisible subsidy, but a highly valuable one.
But that is being delayed since companies are being handed the equivalent of $5.3 trillion per year, in an invisible subsidy for business that burn carbon.
While the extent and impact of the manipulation is widely debated, the practice provides an invisible subsidy to Chinese goods sold internationally and an invisible tariff on other nations attempting to sell in China.
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These serve as invisible subsidies to car users even as public transport systems face hostile scrutiny of their more visible finances.
Since the days of Bill Clinton and the New Democrats, it has been a totem of faith in some liberal-progressive circles that the key to lifting up the lower ranks lies in downplaying social and economic conflicts, cozying up to business interests, and tackling inequality covertly, through largely invisible subsidies such as the Earned Income Tax Credit.
This is enabled by a vast government network that provides nearly invisible subsidies in the form of free electricity, loans and land use for factories.
The subsidies are largely invisible to drivers who park their cars — and thus free or cheap parking spaces feel like natural outcomes of the market, or perhaps even an entitlement.
The final group of policies, what I call the "submerged state," is largely invisible because its benefits are channeled through the tax code and subsidies to private organizations.
In short the impact on the economy of ending the subsidies from the Ex-Im Bank would be almost invisible.
Millions are spent to influence politicians to provide government subsidies, tax loopholes, statutory exemptions, regulatory exception, and other, almost invisible, but very profitable modifications that exclusively benefit the funders.
Not cheap at all, when you add in the invisible costs: of antibiotic resistance, environmental degradation, heart disease, E. coli poisoning, corn subsidies, imported oil and so on.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com