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…
State Capitalism
Agriculture, Bad Ideas, CDA, Crony Capitalism, Economics, Economy, Free Market, Gov. Walker, Local Government, State Capitalism, Trade, Trump, WEDC
How Walker and Trump Destroyed Dairies in America’s Dairyland
by JOHN ADAMS •
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…
Bad Ideas, Crony Capitalism, Foxconn, Government Spending, State Capitalism, State Government, That Which Paved the Way, WEDC
Foxconn: The Roads to Nowhere
by JOHN ADAMS •
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, Crony Capitalism, Foxconn, Government Spending, State Capitalism, State Government, WEDC
Foxconn Roundup
by JOHN ADAMS •
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,…
CDA, City, Crony Capitalism, Free Market, State Capitalism, WEDC
Fruitless Embrace
by JOHN ADAMS •
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…
Bad Ideas, CDA, Crony Capitalism, Economics, Economy, Government Spending, Local Government, Newspapers, Press, Press Release, State Capitalism, That Which Paved the Way
The Middle Lane is a Dirt Road to Decay, Pt. 2
by JOHN ADAMS •
Last month, this site linked to media critic Margaret Sullivan’s observation that The media feel safest in the middle lane. Just ask Jeff Flake, John Kasich and Howard Schultz: Who is the media’s middle-lane approach actually good for? Not the public, certainly, since readers and viewers would benefit from strong viewpoints across the full spectrum…
Business, CDA, Crony Capitalism, Economics, Economy, Foxconn, Free Market, Government Spending, Local Government, State Capitalism, State Government, That Which Paved the Way, WEDC
Half-Right About the WISGOP
by JOHN ADAMS •
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…
Crony Capitalism, Economics, Economy, Free Market, Immigration, Local Government, Politics, Regulations, State Capitalism, That Which Paved the Way
Immigration as a Community Lifeline
by JOHN ADAMS •
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…
Bad Ideas, Foxconn, Government Spending, State Capitalism
The Amazon-New York Deal, Like the Foxconn Deal, Was Bad Policy
by JOHN ADAMS •
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, CDA, City, Development, Economics, Economy, Government Spending, Local Government, Poverty, State Capitalism, State Government, That Which Paved the Way, Transportation
Private Businesses Craving Public Money
by JOHN ADAMS •
A private group may invite whom it wishes, but the guests invited tell much about the organization doing the inviting. Long years ago, straining even the finest recollection, private businesses relied on their own efforts for success (or so one has heard). Look about now, even in small and struggling places, and one finds well-fed…
Bad Ideas, Business, CDA, Crony Capitalism, 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 •
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, Crony Capitalism, 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 •
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, Crony Capitalism, 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 •
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,…
Business, CDA, Development, Government Spending, Innovation Center/Tech Park, Local Government, State Capitalism, That Which Paved the Way, WEDC
Crops in a Business Park
by JOHN ADAMS •
It’s right to make bids for government services, just as it’s right to mitigate losses or vacancies. Yet, for it all, it’s telling that Whitewater’s Community Development Authority has so much vacant business space that it leases the empty lots out for cropland. The Community Development Authority of the City of Whitewater, Wisconsin (“CDA”) is…