At the Daily Caller, CEA President John Mozena pointed out that the practices of America’s economic development agencies seem suspiciously familiar to anyone who’s studied

The word “socialism” gets used in a lot of different ways, but traditionally it means government having a financial stake in factories and other “means of production” and using that leverage to plan and manage the economy. Today, that’s a perfect description of America’s economic development agencies and the way they put millions and billions of taxpayer dollars into selected companies in an ongoing effort to micro-manage the economy and shape it toward their preferred outcome.

Read the entire column here.