Pro-Union, Crony-Capitalist Thinking Dooms Another Employer - Christopher Westley - Mises Daily

Pro-Union, Crony-Capitalist Thinking Dooms Another Employer - Christopher Westley - Mises Daily: "The trade-off is that the millions of dollars and incentives that go to these firms come from conscripted funds that would otherwise be directed privately in the form of investment or consumption. These unseen effects include investment projects foregone — perhaps in Lawrence County itself — in order to fund the EDO’s redistributive policies. Forcing taxpayers to finance economic development, as opposed to allowing savers to direct their resources to projects they believe will reflect their highest valued use"

"workers and politicians have called for the state to intervene to stop International Paper from shutting down, arguing that if conscripted capital partly financed the Honda plant in Lincoln, why can’t it also save paper jobs in Northwest Alabama? They forget, however, that International Paper does not exist to maximize employment or wages but to satisfy consumer demand, and that corporate graveyards are filled with firms that lost their focus on the latter."