Good morning. Sunday in Whitewater will be partly sunny with a high of 82. Sunrise is 6:47 AM and sunset 6:43 PM for 11h 55m 49s of daytime. The moon is a waning gibbous with 73% of its visible disk illuminated. On this day in 1789, George Washington appoints Thomas Jefferson the first United States Secretary…
Development
America, CDA, Common Council, Development, Economics, Economy, Free Markets, Local Government, Regulatory Capture, WEDC
Competition: Good for Individuals and Society
by JOHN ADAMS • • Comments
Pres. Biden plans measures to increase market competition. David Leonhardt reports Biden’s New Push (‘The U.S. economy suffers from a lack of competition. President Biden wants to change that’): The U.S. economy has been less dynamic in the 21st century, by many measures, than it was in the late 20th century. Fewer new businesses are starting.…
Bad Ideas, Boosterism, Development, Foxconn, Government Spending, Politics, Scott Walker, Speaker Vos, Trump, WEDC, Wisconsin
Adding the Amounts Spent for Foxconn (So Far)
by JOHN ADAMS • • Comments
Wisconsin’s new deal with Foxconn will reduce the cost to state taxpayers, but local governments have already spent vast sums on a project that will not – by Foxconn’s own belated admission – come close to what was originally, and ludicrously, promised. Bruce Murphy writes of The True Costs of New Foxconn Deal: the true cost…
Bad Ideas, CDA, Development, Foxconn, Scott Walker, Trump
Foxconn: Seth Meyers on One of Trump’s (and Walker’s) Biggest Scams, the Foxconn Deal
by JOHN ADAMS • • Comments
The Wisconsin Foxconn project that Trump, Walker, and local development men touted was a house of cards, with each card in the deck no better than a three of spades. Their supposedly serious effort now finds itself a national punchline. Previously: 10 Key Articles About Foxconn, Foxconn as Alchemy: Magic Multipliers, Foxconn Destroys Single-Family Homes, Foxconn Devours Tens of Millions from State’s…
Bad Ideas, CDA, Corporate Welfare, Development, Economics, Economy, Foxconn, Government Spending, Mendacity, Scott Walker, Trump, WEDC
Foxconn: New, More Realistic Deal Means 90% Reduction in Goals
by JOHN ADAMS • • 2 Comments
After years of flamboyant lies about what Foxconn would be able to achieve in Wisconsin, there’s a new deal with that foreign corporation. That new arrangement reflects a reduction of 90% or more in what Wisconsin expects and what the state will offer. Local governments have already wasted millions on absurdly grandiose, false promises Not…
Bad Ideas, Corporate Welfare, Development, Foxconn, Marketing, Mendacity, Public Relations, Scott Walker, Special Interests, State Capitalism, State Government, WEDC, WISGOP, YMBFKM
Foxconn’s Venture Capital Fund
by JOHN ADAMS • • Comments
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…
City, Development, Janesville, Local Government, Politics, Special Interests
A Janesville, Wisconsin Resident on His Town’s Politics (with Similarities to Whitewater)
by JOHN ADAMS • • 2 Comments
Over at the Real Janesville™ Twitter feed, a resident of that nearby city offers observations on his city’s politics. In a tweet stream from 3.11.21, he describes the election scene in Janesville. First the feed, then a few remarks of mine on Whitewater. Advice for Janesville city council candidates: Don’t think you’re an agent for…
CDA, City, Conflicts of Interest, Development, Economy, Free Markets, Law, Laws/Regulations, Local Government, Regulatory Capture
Texas (But Not Only Texas): Regulatory Capture
by JOHN ADAMS • • Comments
Regulatory capture is a simple concept: it applies when regulatory agencies become dominated by the industries or interests they are by law required to regulate. These agencies begin to act to benefit particular incumbent firms or people in the industry they are supposed to be overseeing. The concept is also sometimes called agency capture or…
CDA, City, Development, Government Spending, Local Government, Poverty, WEDC
Whitewater Common Council Meeting, 1.19.21: 6 Points
by JOHN ADAMS • • 3 Comments
The Whitewater Common Council met last night, 1.19.21. The agenda for the meeting is available. A few remarks, on selected items of the agenda — 1. Public Works Buildings. Whitewater plans to update its public works buildings, now scattered over a multi-acre plot near Starin Road. The total estimated price is high for a small town (about…
Business, CDA, Charity, Development, Economics, Economy, Failure, Free Markets, Government Spending, Innovation Center/Tech Park, Poverty, Press Release
Markets and Markets
by JOHN ADAMS • • 4 Comments
One reads that Whitewater now has an option, for most of the city, of grocery delivery from nearby cities. As it is, Whitewater has a Walmart, but no stand-alone, full-service grocery. Private delivery service is a benefit to the community. It’s better to have more grocery options than fewer. These are private enterprises providing private delivery…
CDA, City, Development, Government Spending, Local Government, Poverty, WEDC
Whitewater Common Council Meeting, 10.20.20: Basics and Buildings
by JOHN ADAMS • • Comments
The Whitewater Common Council met briefly last night, 10.20.20. The agenda for the meeting is available, and a recording of the session appears above. Two different topics are worth noting (for different reasons): autumn leaf collection and a building rehabilitation project. A few remarks — 1. Leaf collection. The city has many homes & apartments, the homes…
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, CDA, City, Development, Economics, Economy, Free Markets, Local Government, Poverty, School District, WEDC, Wisconsin
Local Public Policy as if Charitable Assistance
by JOHN ADAMS • • 4 Comments
Whitewater’s policymakers, and those of other small, rural cities, should – in these times of economic stagnation, a lingering opioid crisis, failed business welfare, and an approaching recession – view their principal obligation as if it were charitable outreach. (It’s not charity, of course, but that’s how policymakers should view it: as both palliative and…
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…