> 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.
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.