There are two national publications with recent updates on the Foxconn project, and each report highlights fundamental problems with the billions in public subsidies for that foreign corporation. Here’s a roundup of the latest on this dodgy corporate welfare: Bruce Murphy (writing online for national tech site The Verge) reports Wisconsin’s $4.1 Billion Foxconn Boondoggle (“Gov.…
State Capitalism
Bad Ideas, CDA, City, Crony Capitalism, Development, Economy, Employment, Foxconn, Government Spending, Poverty, State Capitalism, State Government, That Which Paved the Way, WEDC
In Whitewater and Elsewhere, Employment’s Only Part of the Story
by JOHN ADAMS •
In times of high unemployment, of course it makes sense to get people back to work. Jobs, jobs, jobs isn’t a bad mantra when people don’t have work. (Work isn’t simply about an income, but a place in society.) Today is not, however, the Great Depression. Listen to ‘development professionals’ go on about job-creation at…
Bad Ideas, CDA, City, Crony Capitalism, Development, Economy, Foxconn, Government Spending, State Capitalism, State Government, That Which Paved the Way
Foxconn’s Predatory Reliance on Eminent Domain
by JOHN ADAMS •
Taiwanese-owned Foxconn is relying on eminent domain to seize Wisconsinites’ private homes for the sake of that foreign company’s project. Principles of eminent domain, sadly, have been vastly increased since a 2005 U.S. Supreme Court decision expanded government’s power to take from ordinary homeowners, among others. Those expanded governmental powers mean that residents who lose their…
Babbittry, Bad Ideas, CDA, City, Crony Capitalism, Development, Economy, Foxconn, Free Market, 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 •
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…
Bad Ideas, CDA, City, Crony Capitalism, Development, Economy, Employment, Foxconn, Government Spending, Open Government, State Capitalism, State Government, That Which Paved the Way, UW Madison
Foxconn’s Secret Deal with UW-Madison
by JOHN ADAMS •
These last several years in Wisconsin have seen a politics of corporate manipulation of public spending and a retreat from principles of open government. Businesses and business lobbying groups routinely expect public money for business projects that should be wholly private. (Scheming development gurus often refer to taxpayer money as their ‘tools,’ as though the…
CDA, City, Crony Capitalism, Culture, Distraction, Economy, Innovation Center/Tech Park, Local Government, Marketing, Planning, Politics, Poverty, State Capitalism, WEDC
The Two Questions that Haunt Old Whitewater
by JOHN ADAMS •
Two questions haunt Old Whitewater (where Old Whitewater is a state of mind rather than an age or a particular person): What does it mean to be a college town? and What is meaningful community development? (There are other serious questions, but one can be sure – at the least – that these two have Whitewater…
Bad Ideas, CDA, City, Crony Capitalism, Development, Economy, Employment, Foxconn, Gov. Walker, Government Spending, State Capitalism, State Government, That Which Paved the Way, WEDC
“Later This Year”
by JOHN ADAMS •
One reads that Foxconn [is] planning to buy land for innovation centers later this year. Read a bit closer, however, and one learns that ‘later this year’ is about as undependable as ‘the check is in the mail’ or ‘I gave at the office’: A question regarding innovation centers was one of many from Democratic Assembly Minority Leader…
Bad Ideas, CDA, City, Crony Capitalism, Development, Economics, Economy, Government Spending, Local Government, State Capitalism, Taxes/Taxation, That Which Paved the Way
A Tax Incremental Financing Review
by JOHN ADAMS •
Today at four o’clock, the Joint Review Board is scheduled to review Whitewater’s tax incremental districts. Views of tax incremental financing – especially in a place like Whitewater – are a good test of someone’s basic understanding of economic development. Indeed, the test reduces to a simple relationship: the more one contends that tax incremental…
Bad Ideas, CDA, City, Crony Capitalism, Development, Economy, Employment, Foxconn, Gov. Walker, Government Spending, State Capitalism, State Government, That Which Paved the Way, WEDC
Foxconn Deal Melts Away
by JOHN ADAMS •
Rick Romell and Molly Beck report Foxconn now declines to say it plans to build type of factory named in state, local contracts: But in a shift from its stance of two months ago, the company on Wednesday did not offer assurances that it still plans to build the type of liquid crystal display panel plant…
Bad Ideas, CDA, City, Crony Capitalism, Economics, Economy, Free Market, 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 •
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, City, Crony Capitalism, Development, Economy, Employment, Foxconn, Gov. Walker, Government Spending, Paul Ryan, State Capitalism, That Which Paved the Way, Trump, WEDC
Trump, Ryan, and Walker Want to Seize Wisconsin Homes to Build Foxconn Plant
by JOHN ADAMS •
A video on how Trump, Ryan, and Walker are abusing eminent domain law and seek to destroy the homes of Wisconsinites to build the Foxconn plant is well worth watching. The short video was removed from YouTube over a bogus copyright claim, but it’s back online. (In the time since the video was first published,…
Bad Ideas, CDA, City, Economy, Employment, Foxconn, Gov. Walker, Government Spending, State Capitalism, State Government, WEDC
The Next Guest Speaker
by JOHN ADAMS •
Last winter, the Greater Whitewater Committee, a local 501(c)(6) business league, invited Matt Moroney (a longtime Walker operative) to speak to residents on Foxconn’s many supposed benefits. The Daily Union‘s longtime stenographer correspondent dutifully and uncritically reported on Moroney’s remarks. See A Sham News Story on Foxconn. Over the years, key leaders of this business league have served…
Bad Ideas, City, Economy, Employment, Foxconn, Gov. Walker, Government Spending, State Capitalism, State Government, Trump, Uncategorized, WEDC
Foxconn’s (Overwhelmingly) Low-Paying Jobs
by JOHN ADAMS •
Residents of Whitewater (or at least the ones attracted to corporate welfare) had a chance this winter to hear a state operative extol the benefits of billions in public money for Foxconn. The local 501(c)(6) business league, the Greater Whitewater Committee, brought in a guest speaker to tout the project. See A Sham News Story on…
Bad Ideas, CDA, Crony Capitalism, Economics, Economy, Free Market, Local Government, State Capitalism, Trump, WEDC
The Mercantilist
by JOHN ADAMS •
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…