Man I can’t wait for the Netflix movie about this. What should the title be?
Foxconned , duh.
Nice. I was thinking Outfoxed 2.0 but I like Foxconned.
Foxconn’s empty buildings, empty factories, and empty promises in Wisconsin
31–40 of 265 posts
Re: Foxconn’s empty buildings, empty factories, and empty promises in Wisconsin
#32This entire project was a shameful example of political pump-and-dump by our former governor. He sold the more gullible elements of our state on this fairy tale about Foxconn, got lots of air time and Trump points out of it, made an abortive presidential run, and then got replaced and slunk into the shadows before the music stopped. Now our new Governor is left cleaning up the embarrassing mess while simultaneously b…
What does Foxconn get out of it? From the article they seem to have lost lots of money.
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Re: Foxconn’s empty buildings, empty factories, and empty promises in Wisconsin
#33Re: Foxconn’s empty buildings, empty factories, and empty promises in Wisconsin
#34Earlier quoted context omitted.
I live in WI and I don’t think anyone is fooled at this point. If there is a minimum amount needed to keep a lie going until an election, they didn’t hit the target.
I'd love to agree with you but the Wisconsin election results are going to prove otherwise.
I would say the Scott Walker election was more closely linked than the national president race (but we'll see)
Re: Foxconn’s empty buildings, empty factories, and empty promises in Wisconsin
#35Would be funny to see the same article about TSMC be posted 3 years later.
Re: Foxconn’s empty buildings, empty factories, and empty promises in Wisconsin
#36This is a great article around why "corporate welfare" rarely works out. Also, semes like a textbook example of "eminent domain" abuse? We call this "expropriation" in Canada and it is rarely abused like this. Taking peoples property to give it to a private corporation? I can understand the need to take property for public use (roads, infra) but the US needs to end eminent domain abuse. If Foxconn needed the property…
> This is a great article around why "corporate welfare" rarely works out.
Any data to back this up? It's generally accepted that subsidies are effective in many cases (see corona virus stimulus packages).
This Foxconn deal was poorly thought out and horribly mismanaged, but it doesn't sound like Foxconn lined their pockets with taxpayer money. The subsidies encouraged them to take a chance, and it didn't work out - spectacularly.
Re: Foxconn’s empty buildings, empty factories, and empty promises in Wisconsin
#37This is a great article around why "corporate welfare" rarely works out. Also, semes like a textbook example of "eminent domain" abuse? We call this "expropriation" in Canada and it is rarely abused like this. Taking peoples property to give it to a private corporation? I can understand the need to take property for public use (roads, infra) but the US needs to end eminent domain abuse. If Foxconn needed the property…
Corporate subsidies work very well in certain conditions. The biggest is in investing in industries have big long-term potential but huge upfront costs. Power generation is a good example. Subsidies also tend to work best with a portfolio like a VC fund.
The other option is for a very mature industries with inelastic demand where subsidies go directly to pushing down prices. Like with food and fuel.
Re: Foxconn’s empty buildings, empty factories, and empty promises in Wisconsin
#38This entire project was a shameful example of political pump-and-dump by our former governor. He sold the more gullible elements of our state on this fairy tale about Foxconn, got lots of air time and Trump points out of it, made an abortive presidential run, and then got replaced and slunk into the shadows before the music stopped. Now our new Governor is left cleaning up the embarrassing mess while simultaneously b…
What does Foxconn get out of it? From the article they seem to have lost lots of money.
Terry Gou was running for president of taiwan, and he needed support and endorsement from Trump. He got it, and he still lost.
Re: Foxconn’s empty buildings, empty factories, and empty promises in Wisconsin
#39Man I can’t wait for the Netflix movie about this. What should the title be?
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Re: Foxconn’s empty buildings, empty factories, and empty promises in Wisconsin
#40This entire project was a shameful example of political pump-and-dump by our former governor. He sold the more gullible elements of our state on this fairy tale about Foxconn, got lots of air time and Trump points out of it, made an abortive presidential run, and then got replaced and slunk into the shadows before the music stopped. Now our new Governor is left cleaning up the embarrassing mess while simultaneously b…
What does Foxconn get out of it? From the article they seem to have lost lots of money.
Foxconn provided a bulk quantity of unicorn farts to power the Walker and Trump administrations through tweets, photo ops, TV ads, etc. In return they were expecting the angel of tariffs to skip their door, in addition to the river of incentives money that was to be directed their way.