Sunday, October 27, 2019

Chinatown System Today

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.")

No comments: