Picking Winners and Losers

Here is a must read from Mish Shedlock...  I remember when Boeing HQ left Seattle for Chicago... The governor,  County Executive and city mayor all claimed to be blindsided by the fait accompli.  Of course they were, and Boeing had zero reason to consult with government at any level on their decision.  Boeing's economists and lobbyists are far superior, if not paid as well, as government lobbyists and economists.  Boeing knew Washington State government did not have another dime of subsidies, transfers or whatever else to offer Boeing, Boeing got everything possible, so Boeing split.  And took some manufacturing with it to other states.

Big govt and big business bring tremendous dislocation to markets, and inability to calculate costs.

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