Republicans No Longer Worried About Deficits, No Longer Believe In Free Market

Wisconsin Among Seven States That Competed For Foxconn

What happened to the free market? “Competing” for business? The free market is all about competitive advantage and specific strengths about specific locations for specific businesses. States “competing” for business, is not only sub-optimal for the business itself (if market theories have an ounce of credibility at all), it is unnaturally shifting "market" outcomes.

It’s one thing if we have advantages in an industry that we want to invest in or build upon; or we see, because of certain labor skill-sets, etc., we believe we can grow a specific sector quickly and we need it badly - such as when trying to get out of the Great Recession.

Sadly, none of these seem to be the case this time. And, even though this multi-billion dollar investment could end up creating jobs, spin-offs and ancillary businesses, it could still be a loser. At over $300,000 per job (best case scenario - 13,000 jobs), there is almost no way this is a smart investment. The opportunity cost is too high and the time-horizon too long.

And now we're taking money away from other developments and infrastructure projects, giving even more to Foxconn.

For Further Reading:

The Con That Is Foxconn

Democrats Question State's Ability To Track Foxconn Job Creation
What Foxconn Means For Wisconsin
WEDC Won't Release Foxconn Contract Before It's Signed
The Secrets of Foxconn
Start Me Up: Wisconsin Needs More Than Foxconn To Fix Its Economy
Fox-con Secrecy And WEDC Arrogance Continues
How Legislature Is Bypassing The Courts
Foxconn Water Diversion Story Needed More Attention
How To Build Wisconsin's Economy
Why Foxconn's Wisconsin Promise Of 13,000 Quality Jobs Is An Empty One
Walker's "Wisconn Valley" Is A Con All Right
Paper Peddles Bogus Foxconn Report
Trump, Walker and The Foxconn Con
Foxconn Deal Suspends Judicial Rules
Newest Deals Shows Foxconn Flaws