The irony of the film title, Chinatown, is that the corporate-government syndicate is something like the opposite of Chinatown. Here's a story in today's NYT that shows the development model is alive and well: buy and control a natural resource whose value you increase through government connections. (Don't think about Trump here, think about Milken, a real California story.)
(Photo is of Milken's Opportunity Zone in Nevada under a federal program "designed to spur economic development and job creation in distressed communities.")
Sunday, October 27, 2019
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