imaginary jobs, bulldozed homes, and the sacking of local government
- ISBN: 9780226824055
- Editorial: University of Chicago Press
- Fecha de la edición: 2022
- Lugar de la edición: Chicago. Estados Unidos de Norteamérica
- Encuadernación: Rústica
- Medidas: 24 cm
- Nº Pág.: 280
- Idiomas: Inglés
Powerful and resonant, Foxconned is both the definitive autopsy of the Foxconn fiasco and a dire warning to communities and states nationwide.
When Wisconsin governor Scott Walker stood shoulder to shoulder with President Trump and Speaker of the House Paul Ryan at the White House in July 2017, they painted a glorious picture of his state's future. Foxconn, the enormous China-based electronics firm, was promising to bring TV manufacturing back to the United States with a $10 billion investment and 13,000 well-paying jobs. They actually were making America great again, they crowed.
Two years later, the project was in shambles. Ten thousand construction workers were supposed to have been building what Trump had promised would be "the eighth wonder of the world." Instead, land had been seized, homes had been destroyed, and hundreds of millions of municipal dollars had been committed for just a few hundred jobs-nowhere near enough for Foxconn to earn the incentives Walker had shoveled at them. In Foxconned, journalist Lawrence Tabak details the full story of this utter collapse, which was disturbingly inevitable.
As Tabak shows, everything about Foxconn was a disaster. But worse, he reveals how the economic incentive infrastructure across the country is broken, leading to waste, cronyism, and the steady transfer of tax revenue to corporations. Tabak details every kind of financial chicanery, from eminent domain abuse to good old-fashioned looting-all to benefit a coterie of consultants, politicians, and contractors. With compassion and care, he also reports the distressing stories of the many individuals whose lives were upended by Foxconn.
Introduction Foxconn Timeline
Chapter 1 Your Dream House Is Blighted
Chapter 2 Foxconn Comes to America
Chapter 3 What Does the Foxconn Say?
Chapter 4 Who Made That TV?
Chapter 5 The Land Grab
Chapter 6 Racine, Poster Child of the Rust Belt
Chapter 7 Sherrard, Illinois
Chapter 8 Monkey Business in the Middle
Chapter 9 Wassily Leontief and Input-Output Economic Impact
Chapter 10 Flying Eagle Economic Impact
Chapter 11 A Tea Party for Foxconn
Chapter 12 A Bright, Shining Object
Chapter 13 The Problem with Picking Winners
Chapter 14 An Ill Wind Blows
Chapter 15 All Politics Are Local
Chapter 16 The Trouble with TIF
Chapter 17 Following the Money
Chapter 18 Foxconn on the Ground
Chapter 19 Breaking the Cycle
Acknowledgments Notes Bibliography Index