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…
WEDC
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…
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,…
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…
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,…
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 • • Comments
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…
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…
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…
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…