American jobs and globalization

This is an interesting article I found linked at Fark.

It details a current problem in the American economy, that is that state, regional, and local governments often compete with each other trying to bring companies in. They lure them with start up money, bonuses, tax credits, and other things in the idea that if the company puts down roots it will bring jobs and commerce to the area.

Most interesting in this read is the fact that there is now a village industry that's sprung up around "consulting" for these companies that are trying to make the most possible out of their corporate investments. Meaning these consultants tell these companies what to do to get local governments to give them themost money. Of course the consultants get a percentage of the final deal as their fee.

Additionally, these consultants also often work for the local governments themselves, in effect playing both sides of the field, creating what's commonly known as a conflict of interest.

Anyway, I don't want to go into the minute details of the article, read it yourself and be enlightened.

Where is this world of ours headed?