One might not be much for standalone quotes (as they’re often taken out of context), but Anna Lappé’s observation about consumer choice is, in-and-of-itself, wholly right: Every time you spend money, you’re casting a vote for the kind of world you want. Yes, indeed. No clique, no faction, no party, no political authority is an…
Free Markets
Agriculture, Bad Ideas, CDA, Corporate Welfare, Economics, Economy, Free Markets, Gov. Walker, Local Government, State Capitalism, Trade, Trump, WEDC
How Walker and Trump Destroyed Dairies in America’s Dairyland
by JOHN ADAMS • • Comments
One has heard so much these last eight years about how Wisconsin has been ‘open for business,’ and for Walker and the WEDC that has meant countless subsidies and tax breaks for conservatives’ preferred businesses. Walker was never a free-market man; his whole approach rested on state capitalism (government funding some producers) and crony capitalism…
CDA, City, Corporate Welfare, Free Markets, State Capitalism, WEDC
Fruitless Embrace
by JOHN ADAMS • • Comments
Free-market economist Veronique de Rugy asks Why Are Republicans Embracing Economic State Planning?: China’s post-Mao economic boom has occurred only to the extent that the country became capitalist. With “Made in China 2025,” Beijing’s 2015 anticapitalist plan for an industrial policy under which the state would pick “winners,” China has taken a step back from capitalism. (It recently dropped the “Made…
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…
Corporate Welfare, Economics, Economy, Free Markets, Immigration, Local Government, Politics, Regulations, State Capitalism, That Which Paved the Way
Immigration as a Community Lifeline
by JOHN ADAMS • • Comments
Art Cullen writes Help wanted: Rural America needs immigrants: President Trump argues that keeping immigrants and refugees out of our country is a matter of vital national security. He has made it his campaign thesis and shut down the government over it. Here in Storm Lake, Iowa, where the population is about 15,000 and unemployment is under…
Business, CDA, Corporate Welfare, Development, Economics, Economy, Free Markets, Government Spending, Hunger, Innovation Center/Tech Park, Local Government, Planning, Poverty, State Capitalism, That Which Paved the Way, Trump, WEDC, Wisconsin
The Fight Against Gravity
by JOHN ADAMS • • Comments
The Trump Administration wants to bolster industries that are market failures, with coal as an example. Catherine Rampell writes of that effort in The Trump administration learns that fighting gravity is hard: The Trump administration is learning that, as new data show that the industries it has worked hardest to prop up — through bailouts, tariffs…
Assault Awareness & Prevention, CDA, Charity, City, Corporate Welfare, Culture, Dogs, Economy, Education, Federal Government, Foxconn, Free Markets, Government Spending, Innovation Center/Tech Park, Local Government, Police, Politics, School District, State Capitalism, State Government, University, UW System, WEDC, Wisconsin
The Broad Outlines of 2019
by JOHN ADAMS • • Comments
For many years, I would begin the year with predictions for the twelve months ahead. Events since 2016 have made predictions harder, but one can still discern some short-term developments for the city. These prospects, of course, form an online of topics to ponder, and about which to write (often requiring that one return to the…
Babbittry, Bad Ideas, CDA, City, Corporate Welfare, Development, Economy, Foxconn, Free Markets, Government Spending, Local Government, Mendacity, Open Government, Politics, State Capitalism, State Government, That Which Paved the Way, Tony Evers, WEDC, Wisconsin
The Walker Cabinet Officers’ Open Letter
by JOHN ADAMS • • Comments
Four cabinet secretaries of the Walker Administration have come forward to criticize the governor, and three of them have co-written an open letter against Walker’s relentless emphasis on political gain over sound policies. One of the signatories of the letter is Paul Jadin, who was Walker’s first Wisconsin Economic Development Corporation leader. It says all…
Culture, Economy, Ethics, Free Markets
The Theory of Moral Sentiments and the Morality of Markets
by JOHN ADAMS • • Comments
In Five myths about capitalism, Steven Pearlstein describes the primary myth as a misunderstanding about motivations of those choosing freely in the marketplace (broadly understood, these choices are about not only capital, but also labor or goods): Myth No. 1: Greed, a natural human instinct, makes markets work. Adam Smith, the father of economics, first pointed out in his…
Business, Congress, Economics, Economy, Federal Government, Free Markets
Elizabeth Warren & Capitalism
by JOHN ADAMS • • Comments
A reader wrote in to ask me whether I thought that Elizabeth Warren was a capitalist. The question stems from an article in The Atlantic by Franklin Foer (‘Elizabeth Warren’s Theory of Capitalism.’) Frequent readers know that I link to The Atlantic often. (I’m a subscriber.) I’m also a free-market guy, so here’s a quick…
Bad Ideas, CDA, City, Corporate Welfare, Economics, Economy, Free Markets, Government Spending, Innovation Center/Tech Park, Local Government, Politics, State Capitalism, Taxes/Taxation, That Which Paved the Way
The Trump Tax Bill: The Illusory Pay Bump
by JOHN ADAMS • • Comments
In the spring, before and after a local election, the Whitewater Community Development Authority issued two press releases praising a part of the Trump tax bill as good for Whitewater. CDA executive director Dave Carlson presumably wrote the releases, and Larry Kachel, the CDA chairman, stars in one of them as offering gratitude for gerrymandered congressman…
Bad Ideas, CDA, Corporate Welfare, Economics, Economy, Free Markets, Local Government, State Capitalism, Trump, WEDC
The Mercantilist
by JOHN ADAMS • • Comments
Veronique de Rugy contends that one should take Trump at his word on trade. It’s doubtful that anyone should take Trump’s word for anything, but that’s too literal a reading of her claim. She’s right that, in effect, Trump truly opposes free trade no matter what he says: As we embark on a trade war, let’s…
CDA, City, Corporate Welfare, Development, Economy, Free Markets, Gov. Walker, Marketing, Politics, Poverty, State Capitalism, State Government, Taxes/Taxation, That Which Paved the Way, Trump
About that Trump Tax Plan
by JOHN ADAMS • • Comments
In Whitewater, by press release (twice), one can read about the supposed benefits of the Trump tax plan. The Whitewater Community Development Authority’s executive director, Dave Carlson, was quick to push a portion of the plan as good for Whitewater. In doing so, he conceded what anyone observing Whitewater with care and concern already knew:…
City, Development, Free Markets, Government Spending, Laws/Regulations, Local Government
Owner-Occupied Housing in the Whitewater Area
by JOHN ADAMS • • Comments
During these years I have written, and long before, one has heard from local officials and residents that the City of Whitewater needs more single-family housing. Single-family housing is a kind of owner-occupied housing (e.g., one owner, two adult owners, a single-family). Indeed, one hears that the City of Whitewater needs more single-family housing the…