Quote:
Originally Posted by Tony T
We have regulated capitalism.
Multibillion dollar handouts by (local) governments help bring jobs.
If this were illegal, then areas in decline would have no method of enticing businesses to take risks. The question regarding NY is why the Governor and Mayor decided it was necessary to give "handouts" for an area that may not need 25,000 new jobs (not saying it wasn't)
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I really disagree with this. Multi billion dollar handouts never bring a sufficient number of jobs to make the multi billion dollar handout affordable in the long term. The multi billion dollars is much better spent investing in public and higher education, and public infrastructure, Etc., such that companies want to locate there regardless of the handout. See NC triangle, Boston, TX, etc. The current FoxConn debacle in WI is a really good example.