Monday, July 31, 2017

Foxconn’s foxy con

Foxconn want’s to build a factory in Wisconsin that will employ three thousand workers possibly becoming 13,000 workers.  Foxconn plans to invest up to $13 billion in the  plant.  Gov. Scott Walker said that the Wisconsin will supply up to $3 billion dollars in incentives.  See

Oops!  Aren’t Republicans the ones who believe in standing on your own two feet and not accepting government handouts.

If it makes business sense to build such a project, then shouldn’t business be the one investing its own money.

See “Foxconn’s long con”, John Biggs, TechCrunch, 2017-07-28.  Politicians around the world have been out-foxed by Foxconn.  Don’t these politicians read Adam Smith: “This order of men is not to be trusted.”