In National Review's Capital Matters, the CEA's John Mozena marked the publishing anniversary of Adam Smith's "Wealth of Nations" by pointing out how Smith's 1755 recipe for national prosperity is still a valid economic development policy in the modern day: "Little else is requisite to carry a state to the highest degree of opulence from … Continue reading Column in National Review: Adam Smith’s Economic-Development Formula
Michigan’s Subsidies for Ford Motor Company Electric Vehicle Battery Plant Named 2023’s “Worst Economic Development Deal of the Year” by The Center for Economic Accountability
December 4, 2023 –The Center for Economic Accountability has selected Michigan’s $1.75 billion in planned subsidies for an electric vehicle battery plant operated by a joint venture between Ford Motor Company and Chinese firm CATL as America’s “Worst Economic Development Deal of the Year” for 2023. The award recognizes a state or municipal government subsidy … Continue reading Michigan’s Subsidies for Ford Motor Company Electric Vehicle Battery Plant Named 2023’s “Worst Economic Development Deal of the Year” by The Center for Economic Accountability
Column in National Review: Stop Subsidizing Stadiums
There are a lot of great reasons for states and cities to tell sports teams to "Pay For Your Own Damn Stadium," and CEA President John Mozena laid some of them out this week in a column in National Review's "Capital Matters:" These deals involve substantial amounts of money, and they have a very real … Continue reading Column in National Review: Stop Subsidizing Stadiums
Column in National Review: Ohio’s Long-Running Corporate-Welfare Farce Takes Another Absurd Turn
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
Column at the Daily Caller: Politicians From Both Parties are Selling ‘Sidewalk Socialism.” It Needs to End.
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.