JOHN E. SUNUNU
The god of irony
Failure of steel deal shows folly of government-subsidized job creation
The struggles of a state-subsidized steel mill in Alabama provide a cautionary tale about economic development more generally. When politicians view every plant to be their responsibility to “win,” they engage in economic micromanagement under the banner of job creation. They use their power to entice particular companies to behave in particular ways. And they lose sight of their real duty — to create an environment where economic growth can occur.