Another Letter They Won't Print?
Posted: Fri Oct 25, 2013 7:47 am
I like to write letters to the Plain Dealer more than they like to print them. I don't know if this one will make the cut so I thought I'd post it here:
I see the recent report that the Cleveland area leads the nation in job losses was buried in the business section. Was this an attempt to avoid the issue? If so the Plain Dealer missed an opportunity to debate the last 20 years of development policy in the Cleveland area.
Can it be that our regional leader’s fondness for pyramid style projects like stadia, arenas, convention centers and taxpayer subsidized apartments, condos and hotels are actually the cause of our economic malaise?
Subsidies to politically connected institutions and business are not an investment strategy but crony capitalism, the worst form of economic malfeasance. Small innovative companies are being crowded out, business without connections are being forced out and individuals without opportunity are moving out. That’s the reality. Can we face it?
It’s time to debate and examine the policies of the last 20 years. We cannot afford to hide from the problem and embark on another round of subsidies for another group of well-connected investors.
I see the recent report that the Cleveland area leads the nation in job losses was buried in the business section. Was this an attempt to avoid the issue? If so the Plain Dealer missed an opportunity to debate the last 20 years of development policy in the Cleveland area.
Can it be that our regional leader’s fondness for pyramid style projects like stadia, arenas, convention centers and taxpayer subsidized apartments, condos and hotels are actually the cause of our economic malaise?
Subsidies to politically connected institutions and business are not an investment strategy but crony capitalism, the worst form of economic malfeasance. Small innovative companies are being crowded out, business without connections are being forced out and individuals without opportunity are moving out. That’s the reality. Can we face it?
It’s time to debate and examine the policies of the last 20 years. We cannot afford to hide from the problem and embark on another round of subsidies for another group of well-connected investors.