By John C. Mozena General Motors is closing its Arizona IT Innovation Center in Chandler, Ariz. and eliminating 940 jobs there in an object lesson on government “economic development” programs’ ineffectiveness in the face of business reality. The short and tragic history of GM’s subsidized hit-and-run in Chandler should be a wake-up call for taxpayers … Continue reading Learning the Lesson from General Motors’ Subsidized Hit-and-Run in Chandler, Ariz.
In National Review's "Capital Matters," CEA President John Mozena used the announcement that EV automaker Lordstown Motors had filed for bankruptcy to tell the tale of an Ohio auto assembly plant that epitomizes the futility of politicians and bureaucrats trying to overcome business realities with taxpayer-funded subsidies. The recent announcement that the artisanal-EV-pickup-truck manufacturer had … Continue reading Column in National Review: Ohio’s Long-Running Corporate-Welfare Farce Takes Another Absurd Turn
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 … Continue reading Column at the Daily Caller: Politicians From Both Parties are Selling ‘Sidewalk Socialism.” It Needs to End.
With the news that Amazon was pausing construction of its Arlington, VA HQ2 project, CEA President John Mozena writes in National Review that residents of hundreds of cities across America should be glad that Amazon hadn't gone with any of the ludicrously large proposals that were submitted by local politicians and bureaucrats who seized the … Continue reading Column in National Review: Losing Amazon’s HQ2 Was a Blessing
In National Review's Capital Matters, CEA President John C. Mozena laid out the case against the prevailing subsidy-first model of economic development in America's state and municipal governments: Many complain that these sorts of subsidy programs are the government “picking winners and losers.” If only that were true. In reality, economic development agencies pick both … Continue reading Column in National Review: It’s Time to Call Out America’s Corporate Welfare State