Carrier, Trump & Cronyism: How Handouts Stifle Innovation

For hundreds of workers at Carrier's Indianapolis plant, the bad news is that union officials have received official notice that their jobs are being shipped to Mexico, despite Indiana's $7 million grant to the company. For 330 million Americans, the far worse news is the fact that governments across the country spend one thousand times that much trying to lure or keep companies to their jurisdiction – amounting to a fiscal murder-suicide pact in which the nation's economy is the victim.