subsidizing big business
The Chicago Tribune (Bruce Japsen) has an article on the front page drawing attention to Blagojevich giving state money to pharmaceutical companies at the same time he uses them for whipping boys.
For some reason this doesn't bother me. I can see criticizing the aspects of pharmaceutical companies that are offensive, like price gouging, while working with them on job creation.
For me these are the questions:
1. Does subsidizing business actually net the government money?
2. Does government--both Democrats and Republicans--prefer large corporate businesses over small business?
3. What's it say about free market ideology that business gets so much help from government in this country?
For some reason this doesn't bother me. I can see criticizing the aspects of pharmaceutical companies that are offensive, like price gouging, while working with them on job creation.
For me these are the questions:
1. Does subsidizing business actually net the government money?
2. Does government--both Democrats and Republicans--prefer large corporate businesses over small business?
3. What's it say about free market ideology that business gets so much help from government in this country?
posted by Carl Nyberg at 8:40 AM
2 Comments:
I'm not a big fan of using tax breaks to lure (or keep) businesses. Business will tend to relocate to the best environment as measured by schools, transportation, etc. Once the business decides on a location, it engages in a game of trying to get tax breaks.
I wish we had a Governor whose goal is to build the best infrastructure for business of any state, and attract business in that way.
Try driving a truck in the City of Chicago. The railroad viaducts elevating the tracks through most of Chicago were build for horses and wagons. Modern trucks can't get under them. My friend was a dispatcher for a scrape dealer at Lake and California. You needed mapping software to route a truck to his place depending on the size of the trailer. One of the best things Government can do for business big and small not too mention labor is work on infrastructure. How about a west entrance to O'Hare too?
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