➤ Foxconned (“How much is Wisconsin paying for a Taiwanese manufacturer’s jobs?”): Already, it is hazy just how much of a boost to the local economy Foxconn is expected to make. The company said it planned to hire 3,000 workers over four years, whereas the state said the new facility would create 13,000 jobs with an average…
State Capitalism
Foxconn, Gov. Walker, Government Spending, State Capitalism, WEDC, Wisconsin
Foxconn? What’s Foxconn?
by JOHN ADAMS • • Comments
One reads that Wisconsin Gov. Scott Walker downplays Foxconn because deal not a sure campaign winner: MADISON – Scott Walker said the state would ink a $3 billion contract this week with Asian tech giant Foxconn Technology Group, even as he downplayed the deal and pointed to other jobs being created through his administration. As Walker launches…
Business, Corporate Welfare, Economy, State Capitalism, Trump
What a Card! Jean Card’s Comedic Claim That Trump Will Rein in Crony Capitalism
by JOHN ADAMS • • Comments
Jean Card is a weekly blogger at U.S. News & World Report (yes, it’s still in publication), former speechwriter for the secretaries of Labor (2001-03) and Treasury (2004-06) in the Bush Administration, and owner of Jean Card Ink, where she is “a writer and communications consultant with a proven track record of translating public policy jargon and government-speak…
Economy, Federal Government, Free Markets, Liberty, State Capitalism
Who Runs the Economy?
by JOHN ADAMS • • Comments
Consider this Twitter exchange between liberty-oriented Republican Justin Amash and a Trump supporter, over the suitability of Trump’s cabinet appointments: The Trump supporter thinks that the credentials of a cabinet nominee justify the appointment; Rep. Amash rightly sees that credentials do not define the scope of legitimate state action.
Business, Economy, Employment, State Capitalism
Trump’s Carrier Deal (Update): Fewer Longterm Jobs
by JOHN ADAMS • • Comments
Sometimes, a state-cajoled, anti-market confidence game unravels quickly, revealing the fraud that it is. Trump’s Carrier deal is one of those occasions. Three days ago, the news was that Trump’s Carrier deal was worth hundreds fewer jobs than he’d proudly boasted. (See, Trump’s Carrier Deal: Fewer Saved Jobs With Each Passing Day: ““We found out today…