Bruce Murphy has a solid assessment of Foxconn’s much-touted (by Foxconn) venture capital fund in About That Foxconn Venture Capital Fund. It’s well worth reading in full. A few key points: Unfulfilled: Louis Woo of Foxconn had promised this venture fund for startup companies would naturally connect to Foxconn’s innovation centers in Eau Claire, Green Bay…
Corporate Welfare
Business, Corporate Welfare, Foxconn, State Capitalism, State Government
After Years of Promises, Foxconn Will Think of Something…by July
by JOHN ADAMS • • 2 Comments
Years of claims, promises, declarations, announcements (and private homes destroyed along the way), and yet Foxconn still needs a bit of time to think of something to make. Just give ‘em a sec, they come up with something by July: Liu said that the company will announce what it will make in Wisconsin before July.…
Bad Ideas, Boosterism, Business, CDA, Corporate Welfare, Foxconn, Gov. Walker, Government Spending, Speaker Vos, State Capitalism, Taxes/Taxation, Technology, Trump, WEDC, Wisconsin, WISGOP
Highlight’s from The Verge’s Foxconn Assessment
by JOHN ADAMS • • 2 Comments
No failure better reveals the bankruptcy of corporate welfare in the Walker and Trump years than the Foxconn project in Wisconsin: exaggeration upon exaggeration, but nothing productive. This was a failure of judgment so obvious and significant that everyone involved should retire from policymaking. Walker Administration, Trump Administration, the WISGOP, the WEDC, down to Whitewater’s Community…
Bad Ideas, Boosterism, Business, CDA, Corporate Welfare, Foxconn, Gov. Walker, Government Spending, Speaker Vos, State Capitalism, State Government, Technology, WEDC, WISGOP
Accountability Comes Calling at Foxconn
by JOHN ADAMS • • Comments
After years of grandiose – ludicrous, truly – claims about Foxconn from Trump to Vos to boosters in Whitewater, Accountability has made her way to Foxconn. If not Accountability personified, then at least Missy Hughes (the new, Evers-appointed leader) of a slightly-reformed WEDC. Josh Dzieza of the national publication The Verge reports Wisconsin denies Foxconn tax…
Conflicts of Interest, Corporate Welfare, Corruption, Economy, Recession, Trump
Not for Us
by JOHN ADAMS • • Comments
Bad Ideas, Corporate Welfare, Foxconn, UW Madison
Foxconn & UW-Madison: Two Years and Less Than One Percent Later…
by JOHN ADAMS • • Comments
Kelly Meyerhofer reports UW-Madison still waiting on Foxconn’s $100 million pledge 2 years later: Foxconn Technology Group gave no money to UW-Madison over the past year, renewing questions about the company’s commitment to its $100 million pledge to the university nearly two years ago. UW-Madison received $700,000 in the first of a five-year agreement — less than…
Authoritarianism, Bigotry, Coronavirus, Corporate Welfare, Disinformation, Economy, Elections, Herrenvolk, Militarized Policing, Parodies, Propaganda, Protests, Public Health, Trump, Trumpism, Tyranny
The Juice Media: A Message from the White House (Pandemic, Autocracy, Corporate Cronyism, and Disenfranchisement)
by JOHN ADAMS • • Comments
Bad Ideas, Business, CDA, Corporate Welfare, Development, Foxconn, Government Spending, Mendacity, WEDC, Wisconsin
Foxconn’s ‘Innovation’ Centers: Still Empty a Year Later
by JOHN ADAMS • • 2 Comments
Over at the national tech website The Verge, Nilay Patel reminds that a year later, Foxconn has still done nothing with the ‘innovation’ centers that foreign corporation promised it would open around the state. They’re still empty: See FOXCONN’S BUILDINGS IN WISCONSIN ARE STILL EMPTY, ONE YEAR LATER. In Whitewater, the ‘Greater Whitewater’ Committee…
Babbittry, Boosterism, Coronavirus, Corporate Welfare, Disinformation, Economy, Mendacity, Newspapers, Opioids, Public Health
A Newspaper’s Boosterism During a Pandemic
by JOHN ADAMS • • 8 Comments
A worthy person – a man or woman committed to reason, honesty, and seriousness of purpose – would have little respect for the Janesville Gazette. This critical view is not a new one, truly: the paper’s work has been inferior during the Great Recession, during an opioid crisis, during cheerleading for countless state and local…
Bad Ideas, Boosterism, CDA, Corporate Welfare, Development, Economy, Planning, Poverty, WEDC
Declines, Recessions, and Rhetoric
by JOHN ADAMS • • Comments
While yesterday was a bad day for the financial markets, it’s the underlying – and troubling – fundamental condition of the economy that matters far more. Places like Whitewater, that adopted business special interests’ “if-you-build-it-they-will-come” approach despite increasing poverty and stagnation in household and individual incomes, are especially vulnerable to a downturn. Market Declines. Steven…
Bad Ideas, CDA, City, Corporate Welfare, Development, Economy, Foxconn, Government Spending, Local Government, Public Relations, WEDC
Do Yorkshire Terriers Dream of Being Wolves?
by JOHN ADAMS • • Comments
Perhaps Yorkshire terriers dream each night of being ferocious wolves. If that should be so, and if even tiny dogs imagine themselves as mighty predators, then there may be a natural explanation – in animals and people – for the yearning of smarmy local development men for gigantic corporate welfare schemes. Of those men and…
Bad Ideas, CDA, City, Corporate Welfare, Development, Economics, Economy, Foxconn, Government Spending, Local Government, Press Release, WEDC
A Reminder About Opportunity Zones: Bad Policy Flacked Locally
by JOHN ADAMS • • Comments
Those following what passes for economic policy in Whitewater know that this website has been rightly critical of the economic opportunity zones that were part of Trump’s tax bill. See About that Trump Tax Bill, More About that Trump Tax Bill, and The Trump Tax Bill: That’s Not Reform. Jenny Schuetz, commenting on part of Trump’s…
Babbittry, Bad Ideas, Boosterism, CDA, City, Corporate Welfare, Culture, Development, Economics, Economy, Local Government, Trump, WEDC
‘But Not in Conditions of Their Own Choosing’
by JOHN ADAMS • • Comments
It’s a truism to say that all people make history, but not in conditions of their own choosing: Admittedly and sadly, the local boosterism of the pre-Trump years is now in retrospect worse than one might have initially believed: across America boosters who peddled false descriptions & junk solutions during the economic hardship of the…
America, Babbittry, Bad Ideas, Boosterism, City, Corporate Welfare, Economics, Economy, Local Government, Mendacity, Newspapers, State Capitalism
What the New Dealers Got Right – What Whitewater’s Local Notables Got Wrong
by JOHN ADAMS • • 2 Comments
There’s sound reason to doubt that the New Dealers’ economic solutions to the Great Depression were effective, but there’s no doubt that Roosevelt’s Brain Trust was hard-working, smart, and candid in its description of America’s economic problems. For a critical assessment of the New Deal, written accessibly, see The Forgotten Man: A New History of…