One reads that today Foxconn is promising a less advanced facility in Wisconsin by 2020, and today’s promise has captured a few headlines. The truth – even if Foxconn follows through on this latest promise – is an embarrassing retreat, as Bloomberg’s Tim Culpan observes: Sounds like it’s more than a year late, and well…
Foxconn
Bad Ideas, Business, CDA, City, Corporate Welfare, Economics, Economy, Foxconn, Gov. Walker, Government Spending, Innovation Center/Tech Park, Local Government, WEDC
Foxconn: Evidence of Bad Policy Judgment
by JOHN ADAMS • • 2 Comments
From the moment then-Governor Walker signed the Foxconn deal, it was clear to national economists (from across the political spectrum) that it was a dubious idea. As the months wore on, one could find more – and detailed – critiques of the project. FREE WHITEWATER has post after post addressing these sound critiques. The posts…
Bad Ideas, Corporate Welfare, Foxconn, Government Spending, State Capitalism, State Government, That Which Paved the Way, WEDC
Foxconn: The Roads to Nowhere
by JOHN ADAMS • • Comments
Pay-as-you-go is another lie from proponents of Foxconn. Much has been paid, while the going is to nowhere. Ricardo Torres reports Taxpayers have spent more than $225 million on roads around Foxconn: Between work done on Interstate 94 in Racine County and the local roads and state highways in the Foxconn area, roughly $225 million…
Bad Ideas, Corporate Welfare, Foxconn, Government Spending, State Capitalism, State Government, WEDC
Foxconn Roundup
by JOHN ADAMS • • 2 Comments
From the beginning, it should have been clear to any reasonable person that the Foxconn project was ill-conceived, and destructive of nearby homeowners’ rights. Yet for all the bad news about that fraudulent project, there is still more bad news to relate. John Schmid reports Wisconsin might not get a Foxconn plant of any size,…
Business, CDA, Corporate Welfare, Economics, Economy, Foxconn, Free Markets, Government Spending, Local Government, State Capitalism, State Government, That Which Paved the Way, WEDC
Half-Right About the WISGOP
by JOHN ADAMS • • 2 Comments
Thomas Edsall, writing in the New York Times, quotes Jerry Taylor and Will Wilkinson of the Niskanen Center think tank on Republicans’ political economics. Two quotes from Taylor Wilkinson stand out – one right, and one wrong (at least wrong for Wisconsin). From Will Wilkinson, a view of cultural issues’ importance: The G.O.P.’s success in…
Bad Ideas, Foxconn, Government Spending, State Capitalism
The Amazon-New York Deal, Like the Foxconn Deal, Was Bad Policy
by JOHN ADAMS • • Comments
Derek Thompson writes Amazon Got Exactly What It Deserved — And So Did New York: Amazon said on Thursday that it will cancel its plans to add a second corporate headquarters in New York City. The company had pledged to build a campus in Queens’ Long Island City in exchange for $3 billion in subsidies.…
Bad Ideas, Business, CDA, Corporate Welfare, Demographics, Economics, Economy, Foxconn, Local Government, Mendacity, State Capitalism, State Government, That Which Paved the Way, WEDC
Foxconn: When the Going Gets Tough…
by JOHN ADAMS • • Comments
The national press has reported extensively, and critically, on the Foxconn project. National technology site The Verge (part of Vox Media) has also noticed how local officials who flacked this project day and night are now, well, quieter. Nilay Patel writes Let’s all watch the Wisconsin local news desperately try to get answers about Foxconn:…
Bad Ideas, Business, CDA, Corporate Welfare, Demographics, Economics, Economy, Foxconn, Local Government, Mendacity, Politics, State Capitalism, State Government, That Which Paved the Way, Trump, WEDC, Wisconsin
‘Inside Wisconsin’s Disastrous $4.5 Billion Deal With Foxconn’
by JOHN ADAMS • • 4 Comments
The published case against Foxconn – with reporting & analysis from some of America’s finest journalists and economists – is overwhelming. Their careful, published work has set out the plain facts for well over a year. And yet, as a multi-billion dollar public failure, there are even more startling accounts still emerging. Austin Carr reports…
Bad Ideas, Business, CDA, Corporate Welfare, Demographics, Economics, Economy, Foxconn, Local Government, Mendacity, Politics, Scott Walker, State Capitalism, State Government, That Which Paved the Way, WEDC
Foxconn: The ‘State Visit Project’
by JOHN ADAMS • • Comments
Willy Shih, of Harvard Business School, writes that Foxconn’s Wisconsin Factory Is What The Chinese Call A ‘State Visit Project’: Last week I wrote that Foxconn’s giant flat-screen factory in Wisconsin was facing an economic reality check, and might not get built after all. On Friday, after a call between Foxconn chairman Terry Gou and President Donald Trump,…
Bad Ideas, Business, CDA, Corporate Welfare, Development, Economics, Economy, Foxconn, Local Government, Mendacity, Politics, Scott Walker, State Capitalism, State Government, That Which Paved the Way, WEDC, Wisconsin
Laughable Spin as Industrial Policy
by JOHN ADAMS • • Comments
Alternative Title: Oh, no baby, of course I still love you… Josh Dzieza reports After a ‘personal conversation’ with Trump, Foxconn says it will build a factory in Wisconsin after all (At some point…): Days after Foxconn’s Louis Woo told Reuters that the company is no longer planning to build a factory in Wisconsin, Foxconn says the factory plan…
Babbittry, Bad Ideas, CDA, City, Corporate Welfare, Economy, Employment, Foxconn, Government Spending, Local Government, Scott Walker, State Capitalism, State Government, That Which Paved the Way, WEDC, Wisconsin
Lost Homes and Land, All Over a Foxconn Fantasy
by JOHN ADAMS • • Comments
Wisconsin State Senator Jon Erpenbach reminds that people lost homes and land over the Foxconn proposal, and communities spent far over one-hundred millions on an idea that was – to any reasonable, discerning person – doomed to fail. Doomed to fail: dozens of analyses and warnings from across America, of which merely one is Tim Culpan’s Wisconsin…
Babbittry, Bad Ideas, CDA, City, Corporate Welfare, Economy, Employment, Foxconn, Government Spending, Local Government, Scott Walker, State Capitalism, State Government, That Which Paved the Way, Tony Evers, WEDC, Wisconsin
WISGOP Assembly Speaker Vos Hopes You’re Stupid
by JOHN ADAMS • • 4 Comments
With the news that Foxconn plans to drop manufacturing at a plant that was supposed to hire thousands of workers, for which people lost their homes, and that was the centerpiece of Scott Walker’s corporate welfare and crony capitalism, Speaker Robin Vos blames…newly-elected Gov. Tony Evers. Oh, brother: Vos must hope that Wisconsinites are stupid enough to believe…
Babbittry, Bad Ideas, CDA, City, Corporate Welfare, Economy, Employment, Foxconn, Government Spending, Local Government, Scott Walker, State Capitalism, State Government, That Which Paved the Way, WEDC
Foxconn Talks of Folding Wisconsin Manufacturing Plans
by JOHN ADAMS • • Comments
No one who thought about Foxconn seriously would be surprised to read from a Reuters exclusive that Foxconn [is] reconsidering plans to make LCD panels at Wisconsin plant. The Taiwanese manufacturer has already broken its promises on the kind of panels it would build at the plant, and failed to meet even its low, first-year hiring…
Bad Ideas, CDA, Corporate Welfare, Economy, Foxconn, Government Spending, Innovation Center/Tech Park, Local Government, Mendacity, Poverty, State Capitalism, That Which Paved the Way, WEDC
Nationally and Locally: The Big-Government Conservatives Are Economy-Wreckers
by JOHN ADAMS • • 2 Comments
Catherine Rampell, writing about the national GOP, accurately describes their economic policy under Trump in The GOP has become the Soviet party. This has been a building national problem for years, but a building local problem for about as long: a clique of slogan-rich but insight-poor local conservatives have wrecked economies like Whitewater’s economy with a steady diet of…